What ListedReserve does

ListedReserve is an Australian fund management firm that operates a single product — the ListedReserve Managed Fund — providing institutional and sophisticated investors with exposure to digital assets, primarily Bitcoin, through a managed fund structure established in 2018 and incorporated in New South Wales as ListedReserve Pty Ltd. The firm runs a bottom-up research process focused on three core characteristics of its investments: liquidity, economic imperative, and asset economics, and publishes monthly research notes to subscribers. Fund assets are secured by a top-tier institutional custodian (Gemini), and unit pricing is sourced from Coin Metrics under a partnership providing transparent, independent, and manipulation-resistant digital asset pricing.

The business generates revenue through management (and likely performance) fees on the managed fund; specific fee structures and minimums are not publicly disclosed and access is gated by a direct application on the company's e-appform portal. Distribution is sales-led and content-driven: investors are reached through the company's website, the MoneyBits weekly newsletter (moneybits.co), recurring blog content, and media appearances by Chief Investment Officer Daniel Pickering on platforms such as ausbiz and Livewire. The firm has no app, no public API, and no platform architecture — it is a single-fund, single-strategy boutique manager.

The team is small (1-10 employees), headquartered at Suite 1, 185 Gloucester St, Sydney, with leadership consisting of CIO Daniel Pickering, Founder/Investor Ari Klinger, and Director James Whalley. The fund is listed in three independent research databases (Morningstar, FundMonitors.com, Crypto Fund Research), all added in 2022, and the company is independently owned with no disclosed external institutional investment.

Name

ListedReserve

Legal name

ListedReserve Pty Ltd

Website

https://listedreserve.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

ListedReserve is an Australian fund manager that operates the ListedReserve Managed Fund, providing institutional and sophisticated investors managed exposure to Bitcoin and other digital assets, secured by Gemini custody and priced via Coin Metrics since 2018.

Ownership category

akta.pro rank

Product category

Digital Asset Fund Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Active Crypto Asset Managers (Discretionary) (FSADAHAA)

akta.pro secondary industries

Managed Accounts, Separately Managed Accounts (SMA) & Funds Platforms (Crypto) (FSADAHAM), Portfolio Management Systems (PMS), Rebalancing & Analytics (Crypto) (FSADAHAE)

Keywords

• Managed digital asset fund
• Cryptocurrency fund management
• Bitcoin investment fund
• Digital asset investing
• Investment fund management

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Managed Fund Fees: ListedReserve operates The ListedReserve Managed Fund, a cryptocurrency-focused managed fund. Revenue is generated through fund management fees charged to investors who subscribe to the fund. Specific fee structures are not publicly disclosed.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ListedReserve operates a managed investment fund that provides direct exposure to digital assets, with a stated focus on Bitcoin. The fund uses a bottom-up investment approach and offers investors a transparent, research-driven vehicle with assets held by a top-tier custodian (Gemini) and pricing referenced via Coin Metrics. Subscribers receive monthly research notes covering liquidity, economic imperative, and asset economics.

Product overview

ListedReserve offers a single flagship product — the ListedReserve Managed Fund — which is a managed investment fund providing investors with exposure to digital assets, primarily Bitcoin. The fund is secured by a top-tier custodian (Gemini) and publishes monthly research notes for subscribers. There is no modular or platform architecture; it is a single, unified fund product focused on digital asset investment since 2018.

Differentiator

Problem solved

Functional benefit

Products and services

• ListedReserve Managed Fund A managed investment fund providing direct exposure to digital assets, with assets custodied by Gemini and pricing referenced via Coin Metrics. Designed for institutional and sophisticated investors seeking a research-driven, regulated vehicle for digital asset allocation, with subscribers receiving monthly research notes.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Coin MetricscoreTechnology or Integration · 22 February 2022ListedReserve partnered with Coin Metrics for the provision of transparent and independent digital asset pricing for their flagship Managed Fund. The partnership provides an empirically tested pricing methodology that is robust to outliers and market manipulation, ensuring the integrity of unit pricing.
• GeminicoreOthersGemini serves as the top-tier custodian for ListedReserve's digital assets. The partnership ensures secure storage of fund assets through institutional-grade custody services.
• MorningstarminorOthersListedReserve Managed Fund listed in Morningstar's managed fund database, providing investors and financial advisors access to investment research and data.
• FundMonitors.comminorOthersListedReserve Managed Fund listed in FundMonitors.com's database of actively managed funds to assist investors, trustees and advisors with manager selection and portfolio construction.
• Crypto Fund ResearchminorOthersListedReserve Managed Fund listed in Crypto Fund Research's database of over 800 cryptocurrency managed funds to assist investors and advisors with manager selection.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• CoinShares: European-listed crypto asset manager offering actively managed crypto funds and ETPs. Comparable as a research-led, active crypto asset manager with institutional and advisor distribution.
• 21Shares: Crypto ETP and fund provider offering institutional and retail access to digital assets. Comparable as a crypto-focused asset manager with managed investment vehicles and broad distribution.
• Bitwise Asset Management: US-based crypto asset manager known for research-driven crypto index and active funds. Directly comparable for bottom-up research methodology, crypto fund offerings, and advisor/institutional distribution.
• 3iQ Corp: Canadian crypto asset manager offering managed funds and ETFs for digital assets. Comparable as a regulated crypto fund manager with research-driven product offerings.
• Grayscale Investments: One of the largest crypto-focused asset managers offering single-asset and diversified crypto investment funds. Directly comparable as a discretionary crypto asset manager running managed fund products for institutional and retail investors.
• Pantera Capital: Crypto-focused asset manager running multi-strategy digital asset funds. Comparable as a discretionary active manager of digital asset portfolios with research-driven investment approach.

Emerging players

• Osprey Funds: Smaller US crypto asset manager offering crypto fund products. Comparable as a boutique active crypto fund manager with research-led positioning, similar in scale to ListedReserve.
• Hashdex: Crypto asset manager offering index and active crypto investment products. Comparable as a research-led crypto asset manager building managed products for institutional and retail investors.

Regional players

• BetaShares: Australian ETF and fund manager offering crypto-related investment products in the Australian market. Comparable as a competitor serving the same Australian investor base for digital asset exposure.

Broad incumbents

• Galaxy Digital: Diversified crypto financial services firm with asset management as a core pillar. Comparable in the active crypto asset management category, though it operates more broadly across trading, banking, and venture.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ListedReserve