Portugal launches cryptocurrency investment fund Kvarn Portugal, allocating 80% of assets to Bitcoin

According to Golden Finance, Portuguese fund management company Fundbox has partnered with European cryptocurrency investment platform Kvarn X to launch Kvarn Portugal Fund, which allocates 80% of its assets to Bitcoin and 20% to CoinDesk 20 Index. The minimum investment amount for the fund is 100000 euros, with a management fee of 0.05% and a subscription fee of 2.5%. If investors wish to obtain residency through the Portugal Golden Visa program, they must invest at least 500000 euros and reside in Portugal for at least 35 days within 5 years. The fund subscription period will continue until February 2027.