Portuguese Fund Company Launches KvarnPortugal Fund, Allocating 80% of Assets to Bitcoin

BlockBeats News, February 11th, Portuguese fund management company Fundbox has partnered with European cryptocurrency investment platform Kvarn X to launch the KvarnPortugal Fund, which will allocate 80% of its assets to Bitcoin and 20% to the CoinDesk 20 Index.

The minimum investment amount for the fund is 100,000 Euros, with a management fee of 0.05% and a subscription fee of 2.5%. If investors wish to obtain residency through the Portuguese golden visa program, they must invest at least 500,000 Euros and reside in Portugal for at least 35 days within 5 years. The fund subscription period will run until February 2027.