Rico, XP Inc.’s financial services platform, presented on Tuesday (23) its new crypto product: the Rico Bitcoin Fund.

Focused on Bitcoin, the fund aims to offer a simple and safe way for investors to access the main cryptocurrency of the market, with an initial investment of only $ 100.

With the proposal to make the investment in cryptors more affordable, the fund claims to have the lowest management rate in the market in Bitcoin. The rate is 0.40% per year. The operation is done in a practical and direct way, by the platform’s app or website.

BTC investment easier in the market?

According to the company, the rich Bitcoin dollar promises to be ideal for investors seeking to diversify crypto wallets without complication. By the way, the fund offers application and redemption with d+0 quotization and D+2 settlement, and is available to all Rico customers.

According to Pedro Canellas, Head da Rico, the launch aims to simplify customers’ financial life and democratize access to Bitcoin. The executive director of the platform, Gerson Fini, points out that the fund responds to the growing interest of investors in cryptors, allowing a regulated and affordable alternative.

With this release, the investor can diversify the portfolio with a regulated, accessible and simple alternative, always respecting his risk profile, he stressed Fine.

Despite today’s announcement, at the end of 2021 XP launched Trend Bitcoin End RL. The investment, despite also having a minimum investment of R $ 100, has a administration rate ranging from 0.50% to 0.70%.