Why investors choose the Bitcoin ETF PIE Fund
Investing in the Bitcoin ETF PIE Fund provides a simple, smart and trusted way for Kiwis to get investment exposure to the performance of bitcoin. The Fund provides the tax benefits associated with being a PIE, while removing the administration and tax hassles typically associated with investing in digital assets directly.
The Bitcoin ETF PIE Fund was launched in 2021
The Bitcoin ETF PIE Fund has over $25 million of assets today on behalf of more than 2,500 investors. Originally the Fund was called the Vault International Bitcoin Fund, with this name changing to the Bitcoin ETF PIE Fund in 2025.
The Bitcoin ETF PIE Fund is available through your investment adviser. If they are unable to access it, tell them to contact us. It is also available platforms like InvestNow:
Simple
Investors buy a unit in a regulated PIE fund (not bitcoin directly). This enable investors to gain exposure to the performance of bitcoin along with the tax beneits associated with PIEs. These benefits include the maximum rate of tax being capped at 28%, providing savings for those investors on marginal tax rates of 39% and 33%. PIE tax is a final tax removing the need to do a tax return. Investing in the Fund removes the typical challenges associated with buying, safekeeping, and tax administration associated with investing in digital currencies directly.
Smart
The Bitcoin ETF PIE Fund is a Multi-rate Portfolio Investment Entity (PIE) that will be taxed in accordance with the Fair Dividend Rate method. Given the PIE fund will own funds and ETFs listed on an offshore exchange, the underlying investment will be treated as a global equity for tax purposes.
In effect, this means you will pay no capital gains tax on any gains made on the Bitcoin ETF PIE Fund. There will be an annual "deemed" dividend of 5% per annum, and investors would pay a maximum of 28% of tax on that 5% dividend, so an effective maximum tax rate of 1.4% pa. Investors on lower PIR rates will pay less tax than this, as per their lower rate.
Trusted
The Bitcoin ETF PIE Fund is a regulated registered investment offer. Raise Investments Limited works with FundRock NZ Limited, who are the issuer and manager of 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