26 Sep '13, 12am

First Bitcoin investment fund launches

SecondMarket launching first U.S.-based investment vehicle exclusively devoted to Bitcoin. FORTUNE -- Bitcoin has gotten all sorts of attention this year, both from the media and regulators. For investors, however, it has often proven difficult to purchase meaningful amounts of the crypto-currency, let alone to safely store it. SecondMarket is planning to offer a solution, beginning Thursday morning. The New York-based firm is launching the first U.S.-based investment vehicle dedicated exclusively to Bitcoin, called The Bitcoin Investment Trust. It's structured as an open-ended private trust whose shares only will be available to accredited investors via the SecondMarket platform. SecondMarket is seeding the trust with a $2 million investment, and also has named Jon Matonis (executive director of The Bitcoin Foundation) and Archibald Cox Jr. (ex-chairman of Barclays Americ...

Full article: http://finance.fortune.cnn.com/2013/09/25/bitcoin-investm...

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First Bitcoin investment fund launches

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