Raiz to bring BTC fund options to Australian retail investors

Tuesday 21 January 2020 09:42 CET | News

Australia-based micro-investment startup Raiz has planned to bring Bitcoin (BTC) fund options to its users, Cointelegraph suggests.

Raiz is a fintech startup which offers micro-investment services to its 300,000 registered accounts. It ‘rounds up’ the spare change from the users’ purchases to invest it in a set of investment products, generally comprising exchange traded funds (ETFs).

The company has been pushing to include Bitcoin in its offering, and has reportedly obtained a relief from the Australian Securities and Investment Commission (ASIC) to operate the fund. The Bitcoin retail fund is meant to only allocate 5% to a direct Bitcoin exposure, with the remainder composed of ETFs.

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Keywords: Raiz, Bitcoin, Australia, retail, investors, startup, fintech, accounts, exchange, trade, digital assets, cryptocurrency, ASIC
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3