My friend is starting a fund with the intention of& holding cryptocurrencies (BTC, LTC, ETH, etc.) between international digital currency exchanges. The fund will be set up to manage money in a similar fashion to the hedge funds that we are all familiar with.
The question is: What are different ways to set this fund up to abide by US and international investment advisory laws? I've seen the hedge fund structure used, but I've also seen the investment trust structure used in GBTC. I realize this is a new space, but who knows, 20 years from now, many RIAs might have digital currencies as part of their standard asset allocations!