In July, a hedge fund in Jersey issued a news release announcing that it had ended up being the first regulated fund to handle bitcoin.
The Jersey fund, called Global Advisors Bitcoin Financial investment Fund (GABI), later on said it was seeking $ 200m in possessions under management. In subsequent months, mentions of GABI have actually been routinely prefaced by its status as the very first managed bitcoin hedge fund by everybody from the BBC to Newsweek.
Now another hedge fund is challenging GABI’s claim. Crypto Currency Fund, managed by Timothy Enneking, states that it, not GABI, must truly be described as the world’s very first controlled fund for digital currencies.Continue reading at CoinDesk CoinDesk