Portugal Launches Cryptocurrency Investment Fund KvarnPortugal

Odaily News Portuguese fund management company Fundbox has partnered with 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 fund has a minimum investment of 100,000 euros, 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 euros and live in Portugal for at least 35 days within 5 years. (Coindesk)