The Global Crypto Fund is an alternative investment fund with daily liquidity that provides diversified exposure to leading digital assets such as Bitcoin, Ethereum, and Solana, with a focus on capturing growth from the evolving cryptocurrency markets while managing volatility. The Fund uses CF Ultracap 5 as a benchmark and will allocate dynamically within the investment universe with the possibility of running 10% off benchmark risk.
The Global Crypto Fund operates as a capitalization fund to prioritize compounding growth in the volatile cryptocurrency market. By reinvesting all earnings, the Fund avoids interrupting the compounding effect and eliminates tax liabilities that arise from distributed income.
This strategy allows investors to decide when to interrupt compounding - they can sell a portion of their shares at any time - while capitalizing on ongoing growth opportunities without the need to seek new investments elsewhere.
The Global Crypto Fund is open to professional investors seeking to diversify their portfolios with exposure to high expected return digital assets. Investors should have a moderate risk tolerance and understand the volatility inherent in cryptocurrency investments.
While both options offer exposure to digital assets, the Global Crypto Fund provides active management, allowing for more flexible asset allocation and risk management. The Fund also allows for staking, thus generating additional passive yield. A crypto ETF does not allow for staking and offers less flexibility in adjusting holdings based on market conditions.
The fund primarily invests in well-established digital assets such as Bitcoin, Ethereum, and Solana, the most prominent Digital Assets based on market capitalization. The benchmark CF Ultracap 5 has 5 components: Bitcoin, Ethereum, Solana, Cardano, and Ripple.
Taxation on returns from the Global Crypto Fund will depend on your residency and local tax laws. Typically, gains realized through the redemption of fund units are subject to capital gains tax. We advise investors to consult with a tax advisor for specific guidance.
For Portuguese residents, the returns from the Global Crypto Fund may be subject to a capital gains tax of 28%, unless the investor opts for aggregation with other taxable income, in which case progressive tax rates apply. Non-residents may have different tax obligations, which depend on their country of residence and any applicable tax treaties.
The Global Crypto Fund is not eligible for the Golden Visa program because the program requires that a minimum of 60% is invested in corporate entities headquartered in Portugal. The Global Crypto Fund, on the other hand, focuses exclusively on digital assets, which are not included in the eligible investment categories under the Golden Visa regulations.
The Global Crypto Fund uses the CF Ultra Cap 5 EUR Index as its benchmark, accessible on Bloomberg under the ticker "CFUCMWEU." This index, calculated and distributed by CF Benchmarks, serves as a reference for the Fund's performance.
The Investment Manager employs an active allocation strategy, which allows the Fund to diverge from the benchmark up to a maximum of 25% within its investment universe. Additionally, the Fund can hold up to 10% in assets that are not included in the benchmark, excluding cash holdings. This approach aims to exceed the benchmark's performance through selective asset allocation.
The Fund seeks to exceed the performance of the CF Ultra Cap 5 EUR Index by using an active investment strategy that includes a mix of assets both within and outside the benchmark, with a maximum of 10% off-benchmark exposure. This strategy allows flexibility to capture market opportunities while managing risk.
A benchmark is a standard or point of reference used to measure and evaluate the performance of an investment fund or portfolio. In the context of the Global Crypto Fund, the benchmark is the CF Ultra Cap 5 EUR Index, which represents the performance of a specific group of digital assets. By comparing the Fund’s returns to this benchmark, investors can assess how well the Fund is performing relative to the broader market or a specific sector.
A benchmark helps determine whether the fund manager is adding value through their investment decisions, based on whether the fund's performance exceeds, matches, or falls below the benchmark.
Investing in the Global Crypto Fund provides professional management, diversification, and risk mitigation. Additionally, investors are not responsible for custody or security of the assets, and they benefit from institutional-level access to digital asset markets, reducing the complexities of direct ownership.
Yes, the minimum investment amount for the Global Crypto Fund is set at EUR 500,000.00 for Share Class A and EUR 100,000.00 for Share Class B subscriptions. Specific details regarding minimum investment can be found in the Fund’s prospectus.
The Global Crypto Fund employs a disciplined, research-driven approach to manage risk. By actively adjusting asset allocations and utilizing risk management strategies, the Fund seeks to reduce the impact of market volatility while maintaining exposure to growth opportunities in the digital asset space.
Yes, the Global Crypto Fund offers daily liquidity, allowing investors to redeem their investments at any time. Specific details about the redemption process and any applicable fees are outlined in the Fund’s documentation.
The Fund employs institutional-grade custody solutions provided by Gemini Trust Company, LLC to safeguard digital assets, using cold storage and multi-signature technology to ensure the highest level of security against theft and fraud. Gemini Trust LLC is a regulated Fiduciary and holds the status of a qualified custodian under the New York Banking Law, duly licensed by the New York State Department of Financial Services (NYDFS).
The Global Crypto Fund charges different fees for its active management and portfolio oversight. Details regarding the complete fee structure can be found on the Fund’s key investor information webpage.
In some jurisdictions, holding fund units may offer tax advantages over direct cryptocurrency ownership, such as simplified reporting or different tax treatment of gains. Investors should consult with a tax advisor to assess potential benefits based on their location.
As a new fund, performance data is limited, but historical back-testing and our team’s experience in managing digital assets provide confidence in achieving the Fund’s objectives. Regular monthly performance updates will be available on the Fund’s webpage.
To subscribe, investors need to qualify as professional investors, complete the subscription form, and transfer the investment amount to the designated fund account in Bison Bank. Detailed instructions on the subscription process can be found on our website or by contacting our investor relations team.
