GABI becomes the first Bitcoin investment fund approved by the UK Stock Exchange

Recently, the UK Channel Islands officially approved the operating application of Global Advisor's Bitcoin Investment Fund (GABI), making GABI the world's first listed and regulated Bitcoin fund.

GABI was founded in 2014 as the first product launched by Global Advisor. Since then, the organization has also issued COINXBT and COINXBE, and pioneered the listing on Nasdaq Sweden.

The fund will initially be traded on the Channel Islands Stock Exchange (CISE).

GABI: Bitcoin is the right time

Daniel Masters, head of Global Advisor, said: "The current market value of Bitcoin exceeds 12.4 billion US dollars, reaching an all-time high, and the total amount of currency issued is about 16 million. Bitcoin is the leader of digital currencies, and its circulation ranks 73rd in the world's M1 currency."

He added that recent market analysis predicts an eight-fold increase in Bitcoin value by 2026, which also contributed to the ranking.

GABI is reportedly funded by local firm Verras Professional Services, whose general manager Jonathan Bale, an expert in alternative asset legal affairs, has made a lot of contributions to the successful listing of the Bitcoin investment fund.

Bale said that the successful listing on the exchange not only greatly enhanced the fund's reputation, but also demonstrated that GABI can cope with issues such as supervision and due diligence brought about by exchange listing.

Interest in Bitcoin is growing in Europe

The fund was the first regulated Bitcoin fund when it was launched two years ago, and Masters believes that the exchange listing is undoubtedly the inevitable result of the product's historical development.

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

Earlier this year, fellow British territory Gibraltar launched its first Bitcoin exchange-traded vehicle, becoming Europe’s first regulated Bitcoin investment vehicle. The vehicle is currently trading on the Gibraltar Stock Exchange and the German Stock Exchange.