The Wave Select 5 Crypto Fund has strict inclusion criteria that ensures exposure to only quality cryptocurrencies as determined by the Wave Select 5 Index Investment Committee.
The Wave Select 5 Index Investment Committee meets two days before the rebalancing date and makes decisions on which assets will be included/excluded from the next iteration of the index fund.
Criteria for including
The Wave Select 5 Index currently covers ~67% of the total market capitalization.1
|Binance Coin (BNB)||4.75%|
1. Cryptocurrency selection for index fund will be based on reasonably available data and subject to necessary judgement calls by management given data supply problems that currently exist in the sector.
2. Rank as of May 31, 2021
3. The Wave Select 5 Index returns represent a hypothetical performance assuming an initial $100,000 investment. Data is current as of May 31, 2021.
Wave Select 5 Crypto Fund is a crypto asset index fund providing beta (market exposure)
Key Offering Details
Offering Schedule & Liquidity
|Fund||Wave Select 5 Crypto Fund (BVI master entity with US and BVI feeder)|
|Benchmark Index||Wave Select 5 Index|
|Investment Manager||Wave Financial LLC|
|Fees||1% p.a. management fee, no performance fee|
|Subscription||Twice a month|
|Redemption||Monthly at the month end NAV|
|Deadline||5 business days before subscription and redemption dates|
|Min Investment||CONTACT US FOR MORE INFORMATION|
You may visit our website at www.wavegp.com where you will be provided with an offering document and asked to provide qualifying information so that we can perform our initial onboarding including KYC/AML and verification of accredited status.
The index fund covers approximately 67% of total crypto currency market capitalization, at end of March 2021. This coverage ratio will be subject to market movements of the constituents versus the market.
We mainly source large assets from crypto exchanges such as Binance and Coinbase.
The fund holds the crypto assets in a custody account with Zodia and Copper.
We accept USD.
The Wave Select 5 Index level will be available on our homepage at www.wavegp.com The fund administrator will provide a monthly NAV report on the value of the investment.
Wave Financial does not offer tax advice, and recommends that potential investors seek professional tax counsel.
Redemptions are available monthly.