“Fortress Investment Group (FIG) is prepping its own Bitcoin fund, which likely will be much larger than the SecondMarket offering.  My understanding is that the Fortress effort will be something like an unlisted currency ETF (similar to Bitcoin Investment Trust), with Fortress also perhaps raising a separate vehicle to back Bitcoin-related startups. And there likely is some relationship to a new Bitcoin-related fund raised by Pantera Capital, a San Francisco-based hedge fund whose clients are known to include several Fortress executives. Pantera founder Dan Morehead declined to discuss his Bitcoin efforts but an SEC filing indicates that he already has raised around $150 million for Bitcoin vehicle.”

http://finance.fortune.cnn.com/2013/12/31/fortress-is-forming-a-bitcoin-fund/

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