Canada’s first cryptocurrency fund started to operate on October 20. Rivemont Investments announced the launch of Rivemont Crypto Fund, available to accredited Canadian investors and clients of Canadian portfolio managers. The fund is a simple way to invest in the complex emerging cryptocurrency market.
The Rivemont Crypto Fund is expected to invest primarily in the leading cryptocurrencies, such as Bitcoin and Ethereum. Then the company will start investing in reliable altcoins, based on strong fundamentals, and tokens bought through ICOs.
According to Rivemont President Martin Lalonde, similar funds already exist, but Canada’s cryptocurrency fund Rivemont Crypto Fund is the only one that is “really accessible to accredited Canadian investors”.