Those institutional investors wanting to play their hand in the fake currency markets without getting a fake wallet now have a genuine, certified, regulated way to do so.
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….
“This is institutional strength and it’s an absolute world first.”