Last Updated on: 22nd November 2023, 03:35 pm
Jersey-based Bitcoin fund “Global Advisors Bitcoin Investment Fund PLC” is the first company to be listed on the Channel Islands Securities Exchange (CISE).
Founded in 1998 the CISE has more than 2,000 listed securities on its list with a total market capitalisation of more than £300 billion.
Daniel Masters, a principal at Global Advisors, said:
“The time is right. Bitcoin now has a market capitalisation of over $12.4bn, 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.”
GABI is the third exchange listing for Global Advisors. The firm currently manages two Bitcoin Exchange Traded Certificates – COINXBT and COINXBE – on NASDAQ’s OMX in Stockholm.
