Vault Digital Funds

14/05/2024

Here is Vault Digital Funds' brief snapshot of the bitcoin space for March and April 2024.

The Bitcoin halving occurred on April 20, 2024. This is a significant event that occurs every 4 years approximately, and Bitcoin supply halved to 450 bitcoin per day. Bitcoin’s inflation rate is now lower than gold.

BTC concluded April with a loss of over 12%, marking its first monthly decline since August 2023.

Link:
https://vaultdigitalfunds.com/april_2024/

The Vault International Bitcoin Fund
Vaults reduced headline fee of 0.95%pa was effective as of 1 March 2024. (This includes the cost of the underlying ETFs).

The Vault International Bitcoin Fund provides kiwi investors with Smart, Simple and Trusted exposure to Bitcoin.
No capital gains tax is payable.

Invest easily and simply with our partner InvestNow.
Or visit our website to find out more;
www.vaultdigitalfunds.com

As always, invest wisely.

Disclaimer:

Bitcoin and units in the Fund are extremely volatile. Talk to your financial advisor about whether bitcoin exposure in the Vault International Bitcoin Fund is right for you.

Please visit www.vaultdigitalfunds.com for more details.

The VIBF is Taxed as a PIE Fund:
As a PIE fund, tax is capped at a maximum Prescribed Investor Rate (PIR) of 28% on a 5% “deemed dividend” income under Fair Dividend Rate (FDR) methodology. This equates to an effective maximum total tax rate of 1.4% per annum on the VIBF.
No capital gains tax is payable.

The issuer and manager of the Vault International Bitcoin Fund is FundRock NZ Limited. A Product Disclosure Statement is available on https://www.fundrock.com/fundrock-new-zealand, or from Disclose on disclose-register.companiesoffice.govt.nz/.

11/12/2023

Attached is our brief snapshot of the Digital Asset space for the month of November 2023.

November was another busy month in the Digital assets space. Along with significant price increases, SBF was found guilty on all charges relating to FTX downfall, and a raft of global corporates continue the foray into the digital asset space.

The Vault International Bitcoin Fund is currently trading at $0.90, and provides kiwi investors with Smart, Simple and Trusted exposure to Bitcoin.

Visit our website to find out more;
www.vaultdigitalfunds.com

As always, invest wisely.

Disclaimer:

Bitcoin and units in the Fund are extremely volatile. Talk to your financial advisor about whether bitcoin exposure in the Vault International Bitcoin Fund is right for you.

Please visit www.vaultdigitalfunds.com for more details.

The VIBF is Taxed as a PIE Fund:
As a PIE fund, tax is capped at a maximum Prescribed Investor Rate (PIR) of 28% on a 5% “deemed dividend” income under Fair Dividend Rate (FDR) methodology. This equates to an effective maximum total tax rate of 1.4% per annum on the VIBF. No capital gains tax is payable.

The issuer and manager of the Vault International Bitcoin Fund is FundRock NZ Limited. A Product Disclosure Statement is available on vaultdigitalfunds.com, or from Disclose on disclose-register.companiesoffice.govt.nz/.

Vault Digital Funds, Summary of the Digital Asset Space - November 2023. Vault Digital Funds Summary of the Digital Asset Space November 2023

07/12/2023

One News NZ has reported that "Bitcoin is once again having a moment. Today, the world's largest cryptocurrency soared past $66,500 for the first time in over a year and a half — and marking a 150% rise so far this year."

This is on the back of growing optimism the SEC will approve a US based Bitcoin ETF, which US Fund Management heavyweights such as Blackrock have applied for.

The Vault International Bitcoin Fund is a Simple Smart and Trusted way to get easy exposure to Bitcoin.

Disclaimer:

Bitcoin and units in the Fund are extremely volatile. Talk to your financial advisor about whether bitcoin exposure in the Vault International Bitcoin Fund is right for you.

Visit www.vaultdigitalfunds.com for more details.

The VIBF is Taxed as a PIE Fund:
As a PIE fund, tax is capped at a maximum Prescribed Investor Rate (PIR) of 28% on a 5% “deemed dividend” income under Fair Dividend Rate (FDR) methodology. This equates to an effective maximum total tax rate of 1.4% per annum on the VIBF. No capital gains tax is payable.

The issuer and manager of the Vault International Bitcoin Fund is FundRock NZ Limited. A Product Disclosure Statement is available on vaultdigitalfunds.com, or from Disclose on disclose-register.companiesoffice.govt.nz/.

Bitcoin is once again having a moment. Today the world's largest cryptocurrency soared past $66,500 for the first time in over a year and a half.

23/11/2023

In a significant development for the cryptocurrency industry, Changpeng “CZ” Zhao, the founder of Binance, has stepped down as CEO as part of a monumental $4 billion settlement with United States regulatory agencies.
Zhao acknowledged his mistakes, stating that Binance was lacking appropriate compliance controls during its initial launch.

Our view at Vault is that increased regulation of digital asset markets is a net benefit to the future of these markets. Exchanges such as Binance are key points of contact for investors and consumers and should face regulation in line with their traditional finance counterparts.

The Vault International Bitcoin Fund is available on InvestNow.co.nz, or you can request the VIBF via your Financial Advisor.

Disclaimer:

Bitcoin and units in the Fund are extremely volatile. Talk to your financial advisor about whether bitcoin exposure in the Vault International Bitcoin Fund is right for you.

Please visit www.vaultdigitalfunds.com for more details.

The VIBF is Taxed as a PIE Fund:
As a PIE fund, tax is capped at a maximum Prescribed Investor Rate (PIR) of 28% on a 5% “deemed dividend” income under Fair Dividend Rate (FDR) methodology. This equates to an effective maximum total tax rate of 1.4% per annum on the VIBF. No capital gains tax is payable.

The issuer and manager of the Vault International Bitcoin Fund is FundRock NZ Limited. A Product Disclosure Statement is available on vaultdigitalfunds.com, or from Disclose on disclose-register.companiesoffice.govt.nz/.

The U.S. Department of Justice plans to settle charges with Binance after years of investigating the crypto exchange.

07/11/2023

Here is our brief snapshot of the Digital Asset space for the month of October 2023.

The SEC has reported they have received 8-10 applications for spot bitcoin ETFs, and this may be what has driven the bitcoin price up by around 30% over the past month.

The Vault International Bitcoin Fund is currently trading at $0.85, and provides kiwi investors with Smart, Simple and Trusted exposure to Bitcoin.

Vault Digital Funds, Summary of the Digital Asset Space - October 2023. Vault Digital Funds Summary of the Digital Asset Space - October 2023

06/11/2023

“Digital Gold”: Bitcoin being validated as a store of value
Markets with Madison on NZ Herald.

In this 36 min video, Madison Reidy drives great discussion on some of the features of bitcoin as an investment asset. Madison interviews Larry Lepard, Managing Partner at Equity Management Associates.

Larry is clearly a bitcoin supporter and a “gold man”, and he has strong opinions on markets, but he covers some interesting ground where he explains some features of bitcoin that resonate with us here a Vault:

- Gold has limited supply, but only bitcoin has an absolute max supply of 21m.
- Neither gold nor bitcoin are subject to governmental money printing, meaning they are inflation resistant.
- Why he thinks bitcoin is not like other crypto

Disclaimer:

Bitcoin and units in the Fund are extremely volatile. Talk to your financial advisor about whether bitcoin exposure in the Vault International Bitcoin Fund is right for you.

Please visit www.vaultdigitalfunds.com for more details.

The VIBF is Taxed as a PIE Fund:
As a PIE fund, tax is capped at a maximum Prescribed Investor Rate (PIR) of 28% on a 5% “deemed dividend” income under Fair Dividend Rate (FDR) methodology. This equates to an effective maximum total tax rate of 1.4% per annum on the VIBF. No capital gains tax is payable.

The issuer and manager of the Vault International Bitcoin Fund is FundRock NZ Limited. A Product Disclosure Statement is available on vaultdigitalfunds.com, or from Disclose on disclose-register.companiesoffice.govt.nz/

15 years since Satoshi invented it, the digital asset is outperforming gold.

03/11/2023

Sam Bankman-Fried guilty of FTX fraud.

Former crypto industry poster child, Sam Bankman-Fried, once a billionaire and known as "the king of crypto," has been found guilty of fraud and money laundering in a New York trial following the bankruptcy of his firm, FTX. The verdict marks a remarkable fall from grace for the 31-year-old, who now faces potential decades in prison.

Our view at Vault is that increased regulation in digital asset markets is a net benefit to the future of these markets. Exchanges such as FTX are a key point of contact for investors and consumers and should face regulation in line with their traditional finance counterparts.

The Vault International Bitcoin Fund is available on InvestNow, and you can begin investing with as little as $50 per month. Or you can request the VIBF via your Financial Advisor.
(NZ Advisors please note - the VIBF is now available on Adminis, Aegis and MMC).

Disclaimer:

Bitcoin and units in the Fund are extremely volatile. Talk to your financial advisor about whether bitcoin exposure in the Vault International Bitcoin Fund is right for you.

Please visit www.vaultdigitalfunds.com for more details.

The VIBF is Taxed as a PIE Fund:
As a PIE fund, tax is capped at a maximum Prescribed Investor Rate (PIR) of 28% on a 5% “deemed dividend” income under Fair Dividend Rate (FDR) methodology. This equates to an effective maximum total tax rate of 1.4% per annum on the VIBF. No capital gains tax is payable.

The issuer and manager of the Vault International Bitcoin Fund is FundRock NZ Limited. A Product Disclosure Statement is available on https://www.fundrock.com/fundrock-new-zealand, or from Disclose on https://disclose-register.companiesoffice.govt.nz

The verdict concludes a stunning fall from grace for the 31-year-old former billionaire.

31/10/2023

https://www.linkedin.com/feed/update/urn:li:activity:7119482720778412032

This article from Galaxy Asset Management is an in depth discussion of the Impact and Opportunity of Bitcoin in a Portfolio. While it's not financial advice…

27/10/2023

You may have noticed the recent positive media attention around Bitcoin, which has jumped over 15% in the last week to over NZD$59,000.

The Vault International Bitcoin Fund, which closely tracks the price of Bitcoin has correspondingly increased by over 15% to NZD $0.84.

It is always difficult to know exactly what drives bitcoin market movements, however there is a lot of talk right now about the potential launch of US based spot bitcoin Exchange Traded Funds (ETFs).

Forbes have pulled together a summary of some recent news on the topic.

https://www.forbes.com/sites/digital-assets/2023/10/24/blackrocks-imminent-spot-bitcoin-etf-approval-fuels-market-optimism/?sh=737ae8c7101d

The Vault International Bitcoin Fund is available on InvestNow, and you can begin investing with as little as $50 per month. Or you can request the VIBF via your Financial Advisor.
(NZ Advisors please note - the VIBF is now available on Adminis, Aegis and MMC).

Disclaimer;

Bitcoin and units in the Fund are extremely volatile. Talk to your financial advisor about whether bitcoin exposure in the Vault International Bitcoin Fund is right for you.

Please visit www.vaultdigitalfunds.com for more details.

The VIBF is Taxed as a PIE Fund:
As a PIE fund, tax is capped at a maximum Prescribed Investor Rate (PIR) of 28% on a 5% “deemed dividend” income under Fair Dividend Rate (FDR) methodology. This equates to an effective maximum total tax rate of 1.4% per annum on the VIBF. No capital gains tax is payable.

The issuer and manager of the Vault International Bitcoin Fund is FundRock NZ Limited. A Product Disclosure Statement is available on https://lnkd.in/gp78qy5X, or from Disclose on https://lnkd.in/gQSf76s

Bitcoin saw an impressive surge of 11.5%, topping $35,000, with the digital currency trading at $34,240 as of Tuesday morning in London.

30/03/2022

Hello everyone and welcome to 2022!

Will 2022 be the year of retail adoption of and other via " " funds?

Will New Zealand and Australia embrace this trend?
Only time will tell..

Bitwise Asset Management today released this fascinating report - the findings of the Bitwise/ETF Trends 2022 Benchmark Survey of US Financial Advisor Attitudes Toward Crypto Assets.

Among the key findings:

- Advisors Allocating to Crypto Jumped by Over 65%:
The percentage of advisors allocating to crypto in client accounts grew sharply, from 9% last year to over 15% this year. Those numbers were up from 6% two years ago. This year, an additional 14% of advisors said they will “probably” or “definitely” allocate in 2022.

- Client Interest in Crypto Soared:
An incredible ninety-four percent (94%) of advisors received questions from clients about crypto in 2021, up from 81% the year before, highlighting the significant levels of retail investor demand for crypto exposure.

- It’s Not Just About Bitcoin Anymore:
The IPO of Coinbase in April 2021 appears to have focused advisor attention on crypto equities: Roughly equal numbers of advisors indicated a desire to allocate to crypto equities (46%) vs. crypto assets like bitcoin (45%).

- The Wait For a Spot ETF Continues:
Despite the October 2021 debut of a bitcoin futures ETF, 82% of advisors said they’d prefer investing in a spot bitcoin ETF vs. a futures-based alternative.

- Advisors Are Increasingly Bullish on Crypto Valuations:
More than half (53%) of respondents believe that the price of bitcoin will top $100,000 within five years. In last year’s survey, only 15% of respondents thought bitcoin would rise that high.

- Regulation and Volatility Are Keeping Some Advisors on the Sidelines:
60% of advisors cited “regulatory uncertainty” as a barrier to greater crypto adoption in portfolios, up from 52% in last year’s survey. Volatility also loomed large, with 53% of respondents expressing concern in that area, compared to 38% the year before.

“We are approaching the tipping point for the widespread adoption of crypto by financial advisors,” said Matthew Hougan, Chief Investment Officer for Bitwise Asset Management.

“Two years ago, just 6% of advisors were allocating to crypto in client accounts; today it’s 15% and our survey suggests it will be nearly 30% by year-end. The implications are significant, as financial advisors direct the vast majority of private individual wealth in America. Advisor engagement in the space isn’t just growing … it’s growing at an accelerating rate.”