27 Sep '13, 8pm

US Bitcoin Trust Investing - Wealth Daily #bitcoin

If you’ve been eyeing Bitcoin with investing fever but haven’t taken the step into that realm because of the difficulty involved, you are in luck. There’s an upstart stock exchange by the name of SecondMarket that is eliminating the hard part of Bitcoin investing with the Bitcoin Investment Trust (BIT). According to SecondMarket : The Bitcoin Investment Trust (BIT) is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenges of buying, storing and safekeeping bitcoins. The BIT is a lot like the SPDR Gold Trust ETF (NYSE: GLD). When people want to invest in gold but don't want to store large amount of bars, they can still invest in it indirectly with the ETF. The idea is that you make the investment while the company...

Full article: http://www.wealthdaily.com/articles/us-bitcoin-trust-inve...

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