The Bitcoin ETF PIE Fund
The Bitcoin ETF PIE Fund (the Fund) is a New Zealand based PIE fund. The Fund allows investors easy access to getting exposure to the performance of bitcoin, alongside the tax benefits associated with PIE funds.
Bitcoin ETF PIE Fund unit price
| Date | Unit Price | Fund Size (Net Asset Value) |
|---|---|---|
| 14/09/21 | $1.00000 | $200,000 |
| 30/09/21 | $0.958662 | $1,077,983 |
| 31/12/21 | 1.013371 | $5,805,438 |
| 31/03/22 | 0.980556 | $6,223,404 |
| 30/06/22 | 0.448975 | $2,803,423 |
| 30/09/22 | 0.508988 | $3,383,065 |
| 31/12/22 | 0.380186 | $2,605,407 |
| 31/03/23 | $0.66191 | $4,591,024 |
| 30/06/23 | $0.719829 | $4,827,897 |
| 30/09/23 | $0.648047 | $4,500,728 |
| 31/12/23 | $0.960116 | $7,461,875 |
| 31/03/24 | $1.689379 | $14,619,572 |
| 30/06/24 | $1.429623 | $13,721,183 |
| 30/09/24 | $1.412124 | $14,404,244 |
| 31/12/24 | $2.357898 | $25,705,626 |
| 31/03/25 | $2.054385 | $23,709,287 |
This table shows the unit price and size of the Bitcoin ETF PIE Fund since it was established in September 2021. The change in the unit prices shown reflects the performance of the Fund net of fees but gross of tax. The returns an investor recieved will be net of their PIE tax, which will be calculated in accordance with their PIR tax rate. Past performance is not a good indication of future performanc. Investors should read the Fund disclosure material and seek professional investment advice.
These are not the prices that you can buy or sell units in the Bitcoin ETF PIE Fund, reflecting that any investment will be processed at the unit prices applying at the time that your transaction is ultimately processed by the Fund's registry provider. Please check the disclosure material and with your platform provider to ensure that you understand the process and timeframes involved in buying and selling units.
What is in the Bitcoin ETF PIE Fund?
The Bitcoin ETF PIE Fund invests in carefully selected offshore listed bitcoin funds and Exchange Traded Funds (ETFs). Raise Investments Limited selects which funds and ETFs to invest the Fund in with 3 objectives in mind:
Why invest in the Bitcoin ETF PIE Fund?
Gaining exposure to bitcoin through the Bitcoin ETF PIE Fund, a New Zealand based PIE fund is:
Investing in the Bitcoin ETF PIE Fund
A New Zealand based PIE fund
You will receive these benefits by gaining exposure to bitcoin through the Bitcoin ETF PIE Fund.
Quick, easy and simple way to get investment exposure to the performance of bitcoin
Make your investment through trusted NZ platforms within a PIE fund, which is the same structure as most other managed funds and KiwiSaver schemes. Investing through the Bitcoin ETF PIE Fund removes the need to use a digital wallet. Also the Fund eliminates the need to do a tax return - reflecting PIE tax is a final tax (meaning far less administration hassles).
Investors in the Bitcoin ETF PIE Fund pay tax using FDR method. In contrast, investors holding bitcoin directly typically pay tax on their total return including realised capital gains
The Bitcoin ETF PIE Fund is taxed in accordance with the Fair Dividend Rate (FDR) methodology. This means the taxable income is set at 5% per annum, meaning that an investor on a 28% PIR rate will pay 1.4% in tax in any given year. In contrast, where NZ tax payers invest directly in bitcoin they typically pay tax on their total return including realised capital gains.
Taxed as a PIE Fund
As a PIE fund, tax is capped at a maximum of 28% on a 5% "deemed dividend" income under Fair Dividend Rate (FDR) methodology. This equates to a maximum of 1.4% per annum of tax (being 5% multiplied by 28%) on the Bitcoin ETF PIE Fund. Investors on lower PIR tax rates will pay less tax based on their lower rate.
Trusted and Regulated
The Bitcoin ETF PIE Fund is a registered managed investment fund in New Zealand. The Bitcoin ETF PIE Fund only invests in regulated listed overseas funds that hold their underlying bitcoin assets in cold storage with institutional grade security. Raise Investment Limited and FundRock NZ Limited don't hold the Fund's assets - as these are held by a regulated NZ custodian.
How can I invest in the Bitcoin ETF PIE Fund?
Please click on the InvestNow link below which will take you to our trusted retail distribution partner where you can complete investor registration, apply, and then purchase units in the Bitcoin ETF PIE Fund and add them to your investment portfolio. Alternatively, you can invest in the Bitcoin ETF PIE Fund through your investment adviser. If they don't have access to the Fund tell them to contact us.
Please note you can't purchase the Bitcoin ETF PIE Fund directly on this website.
Bitcoin ETF PIE Fund process flow
Prior to purchasing units in the Bitcoin ETF PIE Fund (the Fund), customers must register with their chosen platform or investment adviser. Please visit InvestNow to complete customer on-boarding (including AML/CFT compliance) and apply. Alternatively, you can invest in the Fund through your adviser.
Please see your chosen platform or adviser for more details. Once customer on-boarding (including AML/CFT compliance) has been completed, customers can apply to purchase units in the Bitcoin ETF PIE Fund.
What people say about the Bitcoin ETF PIE Fund
“My main concern with investing in bitcoin has been the complexity of storage. I understand leaving bitcoin on an exchange is not safe, but I don’t want to store it myself and end up losing the passwords. Buying a fund to get the same bitcoin exposure without the effort certainly works for me.”
M
“This product is great. It really changed my mind about investing in bitcoin. I was concerned and confused about having to store bitcoin myself. But the Fund takes away all that hassle. It also has the added benefit of being more tax efficient.”
Anon
“I’m a relative beginner in terms of investing and definitely no expert when it comes to looking after crypto. I had some fear around the security of my investment, so the thought of handing over responsibility for this to an experienced fund manager made me feel much more relaxed. The tax benefits are a big incentive and I’m looking forward to seeing what the future holds!”
J
How do I buy the Bitcoin ETF PIE Fund?
To purchase units in the Bitcoin ETF PIE Fund, please click the link to sign up with one of our trusted partners. The Bitcoin ETF PIE Fund is available from your investment adviser (if they can't access the Fund, tell them to contact us).
How do I find out more about the Bitcoin ETF PIE Fund?
Enter your email address to subscribe and to receive more information about the Bitcoin ETF PIE Fund and Raise Investments Limited.