CISE Approves Listing for GABI Fund

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The UK’s Channel Islands has now given its approval for Global Advisors Bitcoin Investment Fund (GABI) to be listed on CISE – the Channel Islands Securities Exchange. That approval makes GABI the first such fund to achieve listing on a global exchange, and the very first digital asset listing on the Channel Islands exchange. That listing became active today at 8 AM GMT. Commenting on the move, CISE CEO Fiona Le Poidevin said, “I have followed GABI since its prominent launch and it is very exciting that we are able to play a part in the next chapter of this innovative structure.”

While the listing is a first for the CISE, it is Global Advisors’ third listing on an exchange. The firm already manages the COINXBE and COINXBT Bitcoin Exchange Traded Certificates on NASDAQ’s Stockholm-based OMX. The listings continue Global Advisors’ efforts to become the world’s leading digital assets platform. In a press release announcing the approval, company co-principal Daniel Masters said that the move to list GABI on the CISE was prompted by Bitcoin’s strong fundamentals:

“The time is right. Bitcoin now has a market capitalization of over $12.4 billion, an all-time high, with approximately 16 million coins in issue. Bitcoin is the leading digital currency, ranking 73rd in total amount in circulation on the global list of M1 forms of money. Several leading analysts are now covering the currency, with a recent report from Canaccord Genuity projecting an eight-fold increase in implied value within a decade.”

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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