Australia's First Crypto Index Fund launched By CoinJar Exchange.

CoinJar Exchange is an advanced online digital currency trading platform, which provides the ability to trade multiple different digital currencies against Australian dollars and Bitcoin. The company in an official statement on its web blog announced:

The Index fund currently launched contain assets of two types – “Bitcoin Class” and “Mixed Class.” Each class enables investors to purchase digital currencies directly with Australian Dollars.

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The fund aims to take on the management and security of assets that lay on the behalf of the investors in return for management fees lower than 2%. The digital currency fund charges no establishment costs, performance fees, or contribution fees, and all assets are securely stored in a multi-signature digital wallet. This ultimately provides an extra layer of security for investors.