The Pet Rock Bitcoin Fund offers investors exposure to Bitcoin (BTC). The Fund is high risk with BTC price volatility. Our philosophy is asset preservation first before seeking yield. When opportunities arise additional yield will be gained, but balanced with associated risk.
Investors seeking exposure to Bitcoin (BTC) as well as earning a yield over-and-above the capital appreciation. Bitcoin is the largest Digital Asset by market capitalisation and is known as the “digital gold” equivalent for cryptocurrencies.
The Fund will invest directly in BTC and will be priced based on the exchange price quote. BTC (or wBTC) will be farmed and additional yield will be gained on the Ethereum Mainnet by a combination of efforts from the fund management team and earnings will be compounded automatically at regular intervals.
The Fund’s functional and reporting currency is in local currency ("Fiat" currency). We only accept local Fiat deposits and will effect withdrawals in Fiat. The valuation date is on the last working day of each calendar month at 17:00:00 SAST (UTC+02:00) time. Once received, Fiat is exchanged for BTC (wBTC) on the Ethereum main network (or a similar alternative). BTC (or wBTC) is used to earn yield to enhance the Fund’s performance.
Bitcoin is the largest and most liquid digital asset. Bitcoin is a decentralised store of value which utilises cryptography to secure and validate transactions. Bitcoin has grown from a niche experiment into an important macroeconomic asset with little correlation to traditional asset classes. "wBTC" means Wrapped Bitcoin, an Ethereum based token that represents Bitcoin, backed 1:1 with Bitcoin.
The main Fund growth will be through capital appreciation. Additional returns are largely determined by the fees offered by decentralised exchanges (DEX) or rewards from Crypto platforms and the Investment team seeks to generate additional returns through a combination of investment strategies. Fluctuations between the cryptocurrency price and Fiat currency may impact the overall returns generated.
Assets are rebalanced on a monthly basis, updating the Net Asset Value (NAV) and reported on independently by the Fund Administrator. Rebalancing (e.g. claiming token rewards) is determined through rigorous quantitative analysis and may change from time to time.
Fund growth will be reported on a monthly and quarterly basis. The Net Asset Value (NAV), including Fund growth, is measured and reported on independently by the Fund Administrator.