Jersey approves first regulated Bitcoin fund

GABIbitcoinfund10 July 2014 / BBC – The Global Advisors Bitcoin Investment Fund (GABI) has been certified by the Jersey Financial Services Commission to run from 1 August.

Daniel Masters said Jersey’s regulatory system meant major investors, such as pension and insurance companies, could invest in Bitcoin for the first time.

The fund will not be open to investments from the general public.

Global Advisors is a Jersey-based hedge fund company which usually specialises in commodities such as metals and oil.

Mr Masters said investors would have to conform to the same security checks as those undertaken with mainstream financial products.

“For institutions there are no options right now,” he said.

“This is institutional strength and it’s an absolute world first.”….. Read more


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