“The Bitcoin Investment Trust buys and sells bitcoins, allowing investors to place bets on the digital currency without owning it directly. SecondMarket is seeking approval from OTC Markets and the Financial Industry Regulatory Authority, a self-regulatory body, to market the trust to investors. The New York firm is lining up investment banks that would act as market-makers, or make commitments to buy or sell shares in the fund, and is screening law firms to act as a securities expert. If OTC Markets and Finra approve the plan, the fund’s shares could become publicly available as soon as the fourth quarter to investors with less than $1 million in assets and annual incomes below $200,000.”
http://online.wsj.com/news/articles/SB10001424052702304026304579449782511589924
Tip Freedomwat.ch Staff with Bitcoin