BitFund, LLC

Location:

New York City, New York

Offering Type:

CryptoCurrency Fund

BitFund Index Fund

Founded in 2017, BitFund is a trusted partner to individuals, wealth managers, family offices, investment managers and institutions in navigating cryptocurrency. BitFund develops funds, indexes, insight, and other services. The team behind BitFund has backgrounds in technology, security, and finance. The firm’s origins are in technology and it prides itself in having a deep understanding of protocols, while seeking to build understanding and help the technical and non-technical alike participate. The firm is based in New York City.

Cryptocurrencies are new protocols that enable people to transfer value back and forth, publicly store information, and encode logic, all without requiring an intermediary. Various protocols are designed and used for things like payments, replacing gold as a store of value, allocating compute resources, allocating storage, allocating IOT permissions, incentivizing prediction markets, etc. At the start of 2017, all cryptocurrencies had a market capitalization of $17B, while at one point in 2017, reaching as high as $170B.

Investment Holdings

Issuer:

BitFund Index Fund

Token Symbol:

BIT2

Asset Type:

CryptoCurrency

Offering Type:

506c

Estimate IRR:

45%

Fund Term:

10 Years

Management Fees:

2%

Performance Fee:

0%

Issuer Profile:

$50,000,000 AUM

Soft/Hard Cap:

$10,000,000/$50,000,000

Date:

2/1/2018 - 8/30/2018

$12,500,000 25% Funded
Invest