bitcoin

Global Advisors Launches Altcoin Investment Fund

Jersey-based Global Advisors has just closed a $5 million altcoin and ICO investment fund. The fund caters to investors by smoothing the complex methods and issues people encounter when investing in cryptocurrency, enabling access to a rapidly growing ICO market which has raised around $1 billion since May.

The firm was previously behind the world’s first officially regulated bitcoin investment strategy, GABI which became the first regulated bitcoin fund to be listed on any exchange worldwide when it was listed on The International Exchange (TISE) in December of 2016.

Global Advisors is now applying its success in the Bitcoin space to alternate cryptocurrencies.

Each funding proposal is expected to adhere to strict compliance with the team performing due diligence for each ICO offered to clients. The fund while structured to invest broadly, will focus first on ICOs where tokens are integral to powering the protocol and secondly as a vehicle to invest in other viable, alternative cryptocurrencies which are emerging, in addition to bitcoin.

Speaking to Coin Desk chairman Daniel Masters said an ICO “calls for a team of experienced, motivated and technically savvy founders”

Source: Pressat

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