The Portuguese fund company Fundbox has launched a cryptocurrency investment fund KvarnPortugal, allocating 80% of its assets to BTC

ChainCatcher news, according to CoinDesk, the Portuguese fund management company Fundbox has partnered with the European cryptocurrency investment platform Kvarn X to launch the KvarnPortugal fund, which allocates 80% of its assets to Bitcoin and 20% to the CoinDesk 20 index.

The minimum investment for the fund is €100,000, 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 and reside in Portugal for at least 35 days within 5 years. The fund subscription period will last until February 2027.