ETF Securities and Cosmos said at the time the relatively high fees were a function of crypto-specific complexities, such as the need to store and safeguard the digital assets.
As well as being an equity investor in early-stage crypto and Web3 ventures, Holon is a data storage provider and custodian for the filecoin network, which it claims has turned the Sydney-based firm into a service provider to institutions including NASA and Switzerland’s CERN. Bitcoin is down 42.5 per cent over the past year, ether is down by 32 per cent over the past year and filecoin is down 88.6 per cent over the past year.Mr Scott said the market sell-off had “understandably” made some retail investors and financial advisers “gun shy”. But Holon believes there is still a strong cohort of investors who are seeking to access the market via a regulated, traditional format like a managed fund.
“People can see that laws and regulations are being introduced,” Mr Behncke added. “We’ve had our lawmakers recognise there is utility and that we need to put in place clear laws and regulations.