An investment boutique called Avenue Investment Crypto has first announced the marketing of a crypto-asset based mutual fund in Spain. This was reported by the Funds Society.
“The company explains that about this new investment product is intended for qualified investors only and is structured in the form of a hedge fund registered as a Sicav in Malta and regulated by the Malta Financial Services Authority. “ explained in the post.
“”The minimum investment is 100,000 euros and in order to be able to access it, the investor must prove that he owns assets with a value of EUR 750,000 or more. In addition, the base currency of the Fund is the Euro and all financial statements are prepared in this currency. The sicav does not pay dividends and all benefits come from the net asset value (NAV), “explained Lulego.
On the other hand, they stated that the product was manufactured in 2019 and has now started its marketing phase.
“According to the company, in a first phase, Commercialization will focus on Northern Europe and Iberia (Spain and Portugal) in order to handle entry into the rest of Europe and Latin America in a second phase“they stated in the article.
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