26 Sep '13, 6am

SecondMarket Starts First U.S. Trust for Bitcoin Virtual Money - Bloomberg

SecondMarket Inc. , where stock of private companies such as Facebook Inc. traded before they went public, started the first U.S. fund investing solely in the Bitcoin virtual currency. Shares of Bitcoin Investment Trust are being offered exclusively through SecondMarket, which also provided a $2 million investment, the New York-based trading platform said in a statement today. The trust will allow “sophisticated investors” to buy shares at a set price without having to transact Bitcoin in a fragmented and highly illiquid market with unregulated entities, and safely store the virtual money, according to the trust’s website . Since its creation in 2009, Bitcoin’s market value has risen to $1.5 billion, 24 million transactions have been conducted, and more than 10,000 vendors now accept the virtual money, according to the statement. “We incubated the BIT to alleviate the prob...

Full article: http://www.bloomberg.com/news/2013-09-26/secondmarket-sta...

Tweets

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...

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...

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...

#Bitcoin trust launched by @SecondMarket

#Bitcoin trust launched by @SecondMarket

marketwatch.com 26 Sep '13, 12am

The trust aims to make bitcoin more accessible to investors, said Barry Silbert, chief executive of SecondMarket, in an in...

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,...

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...

SecondMarket Establishes New Bitcoin Trust for ...

entrepreneur.com 26 Sep '13, 6pm

SecondMarket, the online platform where private company stock can be traded, has created a private trust investing exclusi...

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...

The bitcoin bug bites SecondMarket:

blogs.reuters.com 26 Sep '13, 6am

I have to admit I’m disappointed in this one. It’s no secret that I’m very skeptical about what’s likely to happen when sm...

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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...

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...

US Bitcoin Trust Investing - Wealth Daily #bitcoin

wealthdaily.com 27 Sep '13, 8pm

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theverge.com 26 Sep '13, 12am

Despite its many booms and busts, cries that it’s a passing fad and a technological fallacy, Bitcoin simply won't go away....

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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...

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...