One of Bitcoin's Big Funds is Selling Ahead of the ETF Decision
While bitcoin prices have edged up sharply ahead of the SEC's upcoming decision on the long-in-the-works Winklevoss Bitcoin ETF, at least one major hedge fund is selling off into the rally. In an email sent today to its mailing list, Global Advisors Bitcoin Investment Fund (GABI), a Jersey-based investment vehicle that buys and sells bitcoin on behalf of investors, said it believes the market is now signaling a potential approval too strongly for its taste. Ultimately, GABI said it believes "it does not seem likely" that investors Cameron and Tyler Winklevoss will receive....
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