PANews reported on February 11 that according to CoinDesk, Portuguese fund management company Fundbox has cooperated with European cryptocurrency investment platform Kvarn X to launch the KvarnPortugal Fund, which will allocate 80% of its assets to Bitcoin and 20% to the CoinDesk 20 Index.

The minimum investment amount for the fund is 100,000 euros, the management fee is 0.05%, and the subscription fee is 2.5%. If investors want to obtain residency through the Portuguese Golden Visa program, they must invest at least 500,000 euros and live in Portugal for at least 35 days within 5 years. The fund subscription period will last until February 2027.