CoinJar, an Australian bitcoin exchange company announced today the launch of the CoinJar Digital Currency Fund, an index-style cryptocurrency fund for wholesale investors.

The Fund has two classes; Bitcoin Class, which provides exposure to Bitcoin (BTC) only; and Mixed Class, which aims to track the performance of four cryptocurrencies, weighted by fixed supply – Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).

The CoinJar team believes that both classes of the Fund offer wholesale investors a convenient way to invest with Australian Dollars, which may provide diversification to traditional asset classes.

The CoinJar Digital Currency Fund has no establishment costs, contribution fees or performance fees. Management fees are 1.3% per annum for Bitcoin Class and 1.8% per annum for Mixed Class plus normal operating costs.

The new CoinJar Fund is an unregistered Managed Investment Scheme (MIS), which means that only applications from wholesale clients can be accepted. CoinJar takes on the management and security of the digital assets on behalf of investors with the underlying crypto secured in multi-signature wallets.

The launch of the CoinJar Digital Currency Fund follows the launch of the expanded CoinJar Exchange. The launch to market of both products in a short period of time is indicative of CoinJar’s continued business evolution and interest to serve the demand in the Australian market.