As the fund does not employ leverage or derivatives for risk management, Exante intends to provide a two-way secondary market for the trading of fund shares.
Customers will be vetted according to the regular Exante capitalization requirements and margin funds would be provided through institutional broker financing at a fixed % over LIBOR.
Similar to a contract for difference (CFD), this would allow existing Exante customers to trade in and out for Bitcoin Fund shares without going through the subscription or redemption process.