“A fund established to offer investors exposure to Bitcoin is holding around $65 million in the digital currency after two months in operation, its creator, SecondMarket Chief Executive Officer Barry Silbert, said on Wednesday. Silbert told a group of journalists at his company’s New York headquarters the fund, named the Bitcoin Investment Trust, has 90 investors, among them hedge fund traders and private family investment firms. The BIT is structured like an electronically traded fund and modeled, according to Silbert, after one of the most prominent gold ETFs, but it is not publicly traded and will not be for several more years. SecondMarket launched the fund at the end of September.”
http://www.reuters.com/article/2013/12/11/us-etf-bitcoin-secondmarket-idUSBRE9BA15520131211
Tip Freedomwat.ch Staff with Bitcoin