GABI will be competing with PBP, SMBIT, Exante, and perhaps a few other bitcoin funds.
SMBIT (now with ~107'000 BTC) has not attracted any significant investment since May, and has actually shrunk a bit over the last month. Exante was started in 2011 and has some ~90'000 BTC, I don't know how it is evolving. I know nothing about the other funds.
The value of SMBIT's shares is pegged to the market price of BTC. Officially, they buy BTC when clients invest, sell BTC when clients liquidate, and make profit from fees. I suppose that the other funds work the same way, is that correct?
What is special about GABI that would convince someone to invest in GABI but not in the other funds?
SMBIT (now with ~107'000 BTC) has not attracted any significant investment since May, and has actually shrunk a bit over the last month. Exante was started in 2011 and has some ~90'000 BTC, I don't know how it is evolving. I know nothing about the other funds.
The value of SMBIT's shares is pegged to the market price of BTC. Officially, they buy BTC when clients invest, sell BTC when clients liquidate, and make profit from fees. I suppose that the other funds work the same way, is that correct?
What is special about GABI that would convince someone to invest in GABI but not in the other funds?
Doesn't GABI offer some potential tax haven ramifications? I though that tax haven was mentioned as one of its differentiating attributes.




