I'd like to move some of my Australian superannuation into a fund which allows investing in cryptocurrencies such as bitcoin.
Do any such funds exist?
If no, how would I minimise the auditing fees if I held cryptocurrencies in my SMSF?
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Sign up to join this communityI'd like to move some of my Australian superannuation into a fund which allows investing in cryptocurrencies such as bitcoin.
Do any such funds exist?
If no, how would I minimise the auditing fees if I held cryptocurrencies in my SMSF?
You have to compare the costs of various SMSF providers, which should be able to bundle the compliance audit in their costs.
There could still be ambiguity around the cryptocurrency or blockchain asset within an SMSF under Australian regulation (or the lack thereof), and retirement plan consultants will likely be too risk adverse to have a real conversation with you about it (I encounter the same thing in the United States), so I typically replace bitcoin related words with physical metals to avoid derailing the conversation.