The world's first Bitcoin investment fund is approved to go online

The UK Channel Islands has approved the Global Advisors Bitcoin Investment Fund ( GABI ). So far, the world's first regulated Bitcoin fund has officially launched.

GABI was born in 2014 and was the first product launched by Global Advisors. The organization's subsequent issuance of COINXBT and COINXBE also set a groundbreaking precedent on Nasdaq Sweden.

Following government approval, GABI will first be traded on the Channel Islands Stock Exchange (CISE).

GABI: Bitcoin "Time is Right"

Now is the right time.

Daniel Masters, head of Global Advisor, said in an interview:

The current market value of Bitcoin exceeds 12.4 billion, breaking a new record. The total amount of currency issued has reached 16 million. Bitcoin is the leader in digital currency, and its circulation ranks 73rd in the global currency supply ranking.

He added that recent price forecasts also helped the ranking, with analysts predicting that the price of the cryptocurrency could 8倍上涨by 2026.

GABI was funded by local firm Verras Professional Services, whose director Jonathan Bale, an expert in alternative investment legal matters, played a major role in the successful launch of the Bitcoin fund.

Bale said the success not only means the Bitcoin fund has made a name for itself, but also that GABI “can handle the monitoring and due diligence issues that come with regulation and listing on an exchange.”

This is a testament to the hard work of Global Advisors...their securities issuance system is becoming more institutionalized and more powerful.

Europe bets big on Bitcoin

When GABI was first launched two years ago, it became the first regulated Bitcoin fund. Masters believes that their launch is also a recognition of the product’s development history:

Now, GABI has been launched after approval, which confirms the development of GABI, the first regulated Bitcoin fund, over the past two years. In addition, CISE also affirms the transformational role of Bitcoin as a global currency. For investors, Bitcoin has become an important asset class that is not affected by economic activities.

However, the race for bitcoin investment vehicles is far from over.

Earlier this year, fellow British territory Gibraltar launched its first Bitcoin exchange-traded instrument (ETI). This is Europe’s first regulated Bitcoin instrument and is currently live on both Gibraltar and the German Stock Exchange.