The name of a new Czech fund leaves no doubt about what it invests in. Kryptofond was set up by the company Comfort Finance Group targeting qualified investors. An initial deposit of real money (CZK 1 million) is the minimum required for exposure to the world of virtual currencies. Co-founder Andrej Štaňko told Hospodářské noviny the idea to create the new fund was “the result of personal experience investing our own money into cryptocurrencies.” An investment board made up of cryptocurrency experts will determine the distribution of investments. There are an estimated 1,500 quasi-currencies to choose from in addition to the most of famous of them all, Bitcoin. Kryptofond, believed to be the first of its kind in CEE, is targeting an annualized return of 30 percent.
