SecondMarket Will Open Up Private Bitcoin Fund to All Investors

SecondMarket Will Open Up Private Bitcoin Fund to All Investors

SecondMarket is planning to open up its private bitcoin investment fund to ordinary investors. The change should be in place by the fourth quarter of 2014, the Wall Street Journal reports. SecondMarket launched its Bitcoin Investment Trust (BIT) last September, but it was reserved for private investors with $1m in assets and incomes above $200,000. The trust buys and sells bitcoins and allows investors to place bets on the value of bitcoin without owning any coins directly. The company currently has $54m in assets under management. SecondMarket now seems to be looking to expand the fund by....


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Barry Silbert, Source: Twitter. Founder and CEO of SecondMarket Barry Silbert revealed on Sunday that he's planned to be pretty busy today in meetings with institutional investors representing over $250 billion ath the Barclays Emerging Payments Forum at the Crowne Plaza in Times Square. The talking point? Bitcoin. Yes, bitcoin. Some very powerful people in the finance community are looking to talk digital currency. Silbert's tweet: Requests from 38 institutional investors representing +$250 billion to meet with me re bitcoin at Barclays Emerging Payments Forum tomorrow. It's unclear just....