The Bitcoin Fund which is traded exclusively on the EXANTE fund platform and was launched in late 2012 is the best performing hedge fund year to date (2013) with a return of 4847% (Source: Bloomberg). The Bitcoin Fund has now secured its place in financial history as never before such an exceptional result has been achieved by a fund of its kind.
The Bitcoin Fund gives institutions and high-net worth individuals, easy, secure rapid and real-time access to the vibrant bitcoin market with a unique licensed product. Since the bitcoin virtual currency was first launched in 2009 and achieved its initial success, institutional investors and hedge fund managers have secretly sought a regulated investment vehicle for bitcoin placements.
EXANTE provided this solution by giving simple access to the Bitcoin Fund. The Bitcoin Fund’s assets under management currently total over $35 million. In addition the Fund charges no performance-based fee. It does charge an annual management fee 1.75%, as well as a 0.5% transaction fee. The Fund according to EXANTE does not use leverage or derivatives for risk management and there is no discretionary management, one Fund shares is strictly equal to the value of one bitcoin, which are bought and sold as investors buy and sell Bitcoin Fund shares. EXANTE provides a vibrant secondary market for the trading of Fund shares and through those shares, to bitcoins. Security is paramount and time-proven cryptographic algorithms are used to secure all stored funds against unauthorized access. EXANTE is regulated by the Malta Financial Authority As of 18 Nov 2013 the value per unit of the Bitcoin Fund was: 658.000 USD per unit.
www.financemalta.org (Source: Bloomberg)