Bitcoin Investment Trust to allow private investors a bitcoin investment vehicle

09/26/2013 - 00:00

By Emily Spaven | @emilyspaven -

Private investment vehicle the Bitcoin Investment Trust (BIT) will today (26th September) begin raising capital on SecondMarket, the alternative trading system for private company stock.

BIT, an open-ended private trust, invests exclusively in bitcoin and enables people to gain exposure to the digital currency without having to directly buy and store it.

Shares of BIT, which is the first US-based private investment vehicle to invest exclusively in bitcoin, are being offered exclusively on SecondMarket.