26 Sep '13, 12am

Bitcoin Booster: new fund aims to make the virtual currency a mainstream investment

Despite its many booms and busts, cries that it’s a passing fad and a technological fallacy, Bitcoin simply won't go away. Five years after it was introduced to the world on an obscure mailing list for cryptography experts, the bitcoins in circulation are now worth around $1.5 billion . But so far, most traditional investors have stayed away, frightened off by occasional government shutdowns of the largest trading hubs, volatile price spikes, and the difficulty in exchanging bitcoins quickly. Now SecondMarket, the exchange that specializes in selling hard-to-trade items like distressed debt and Twitter stock, is launching what it calls the Bitcoin Investment Trust, an investment vehicle which will function like an exchange-traded fund (ETF). The goal is to give hedge funds and institutional investors enough confidence to finally dabble in this esoteric currency. SecondMark...

Full article: http://www.theverge.com/2013/9/25/4761832/can-secondmarke...

Tweets

First Bitcoin investment fund launches

finance.fortune.cnn.com 26 Sep '13, 12am

SecondMarket launching first U.S.-based investment vehicle exclusively devoted to Bitcoin. FORTUNE -- Bitcoin has gotten a...

First Bitcoin investment fund launches

finance.fortune.cnn.com 26 Sep '13, 12pm

SecondMarket launching first U.S.-based investment vehicle exclusively devoted to Bitcoin. FORTUNE -- Bitcoin has gotten a...

SecondMarket Launches First U.S. Bitcoin Fund

forbes.com 26 Sep '13, 12am

SecondMarket has launched the first U.S.-based bitcoin fund, which allows investors to buy into the value of bitcoin witho...

New fund launched for bitcoin investors

New fund launched for bitcoin investors

france24.com 26 Sep '13, 6pm

AFP - Bitcoin Thursday got a lift with the arrival of a new investment vehicle that lets wealthy and professional investor...

SecondMarket launches Bitcoin Investment Trust,...

coindesk.com 26 Sep '13, 12am

Private investment vehicle the Bitcoin Investment Trust (BIT) will today (26th September) begin raising capital on SecondM...

SecondMarket Launches A Bitcoin Investment Trus...

techcrunch.com 26 Sep '13, 12am

As Bitcoin, the math-based currency that enthusiasts say could revolutionize online transactions, becomes more mainstream,...

New investment venture targets $1.5 billion Bit...

rawstory.com 27 Sep '13, 12am

SecondMarket, a New York-based investment platform that specializes in alternative ventures, Thursday began accepting inve...

Here comes Second Market’s new Bitcoin fund: bu...

gigaom.com 26 Sep '13, 4pm

Bitcoin, the synthetic currency beloved by techies and libertarians, faces a catch-22 in its quest for mainstream acceptan...

SecondMarket Starts First U.S. Trust for Bitcoi...

bloomberg.com 26 Sep '13, 6am

SecondMarket Inc. , where stock of private companies such as Facebook Inc. traded before they went public, started the fir...

Boom! We are LIVE with the Bitcoin Investment T...

bitcointrust.co 25 Sep '13, 11pm

This product represents a speculative investment and involves a high degree of risk. Investors must have the financial abi...

Winklevoss Twins Face Competition From SecondMarket's New Bitcoin Trust via @ychernova @WSJ

Winklevoss Twins Face Competition From SecondMa...

blogs.wsj.com 26 Sep '13, 12am

By Yuliya Chernova Biography CONNECT Biography Tomohiro Ohsumi/Bloomberg News Cameron and Tyler Winklevoss are in for some...

Here it is, folks. The world's first Bitcoin in...

bloomberg.com 27 Sep '13, 12am

Sept. 26 (Bloomberg) -- SecondMarket CEO Barry Silbert discusses the company's launch of a Bitcoin investment trust. He sp...

VIDEO: What is Bitcoin?

VIDEO: What is Bitcoin?

bbc.co.uk 03 Oct '13, 2pm

What is Bitcoin? and how does virtual currency work? 3 October 2013 Last updated at 13:52 BST The value of the virtual cur...

Barry Silbert Talking SecondMarket Bitcoin Inve...

video.cnbc.com 26 Sep '13, 12pm

Barry Silbert, SecondMarket founder & CEO, discusses the launch of its newly-minted Bitcoin Investment Fund, which is a di...

SecondMarket goes all-in on Bitcoin, launching a private trust

SecondMarket goes all-in on Bitcoin, launching ...

pandodaily.com 26 Sep '13, 12am

SecondMarket’s trust is available to investors starting tomorrow. The company has more than 100 relationships with sources...