Fund Structure

Definition ∞ Fund Structure defines the legal and operational organization of an investment vehicle. This refers to the legal framework, regulatory compliance, and operational setup governing how an investment fund operates, manages assets, and interacts with investors. It includes considerations such as limited partnerships, trusts, or corporate entities, along with rules regarding capital contributions, withdrawals, and fee arrangements. The chosen structure impacts tax treatment, liquidity, and investor protections.
Context ∞ Fund Structure is a critical topic in crypto news, especially concerning the establishment of institutional investment products like spot Bitcoin ETFs. Discussions frequently revolve around regulatory approvals, investor accessibility, and the varying legal requirements across jurisdictions. The evolution of fund structures for digital assets reflects the ongoing maturation and mainstream acceptance of the asset class.