26 Sep '13, 6pm

New fund launched for bitcoin investors

New fund launched for bitcoin investors

AFP - Bitcoin Thursday got a lift with the arrival of a new investment vehicle that lets wealthy and professional investors bet on the virtual currency. SecondMarket, a New York-based investment platform that specializes in alternative ventures, Thursday began accepting investors in its Bitcoin Investment Trust, a private investment vehicle that will purchase the virtual currency, store it in a virtual safe of sorts and allot new shares of stock to shareholders as they buy in. The fund kicked off with seed investment of $2.25 million from SecondMarket, which specializes in alternative investments. Mark Murphy, a SecondMarket spokesman, said the fund had heard from financial professionals, technology figures, gold enthusiasts and others. "There's really high interest," said Murphy, who said there is no goal as far as the size of the fund. The fund's arrival comes as investo...

Full article: http://www.france24.com/en/20130926-new-fund-launched-bit...

Tweets

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