Last updated on August 8th, 2014 at 02:22 am
Global Advisors Bitcoin Investment Fund hails from the Isle of Jersey and is the first regulated bitcoin investment fund.
The fund which received regulator approval from the Isle of Jersey back in back in July and was set to launch this month has joined The Bitcoin Foundation as a Silver Member.
The fund while not allowing for investments from regular investors but rather would allow pension and insurance companies to invest in bitcoin for the first time is making a major move to show the legitimacy of the fund and the advisors behind it by joining the Foundation at such a large level joining other players in the bitcoin space such as btcjam, CoinDesk, gyft and many more.
We will be keeping an eye on GABI as they begin the journey of managing such a large investment fund with bitcoin ties.