FYI: The first bitcoin fund isn’t likely to come from anyone named Tyler and Cameron Winklevoss. And it won’t have the stamp of approval of the Securities and Exchange Commission.
You remember bitcoin, the “cryptocurrency” that everyone was talking about in 2013. Armchair futurists seem more muted on its future after prices have plunged to about $270 apiece from near $1,150 late in 2013.
The Wall Street Journal’s Michael J. Casey reports that a vehicle called the Bitcoin Investment Trust is likely to become the first publicly traded fund that holds bitcoin, in large part because it’s employing a loophole to skirt the scrutiny of the SEC.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2015/03/02/first-publicly-traded-bitcoin-fund-would-take-backdoor-route-to-launch/tab/print/
