Despite its many booms and busts, cries that it’s a passing fad and a technological fallacy, Bitcoin simply won't go away. Five years after it was introduced to the world on an obscure mailing list for cryptography experts, the bitcoins in circulation are now worth around $1.5 billion. But so far, most traditional investors have stayed away, frightened off by occasional government shutdowns of the largest trading hubs, volatile price spikes, and the difficulty in exchanging bitcoins quickly.
Now SecondMarket, the exchange that specializes in selling hard-to-trade items like distressed debt and Twitter stock, is launching what it calls the Bitcoin Investment Trust, an investment vehicle which will function like an exchange-traded fund...
via The Verge - All Posts http://www.theverge.com/2013/9/25/4761832/can-secondmarkets-new-bitcoin-fund-finally-push-the-crypto-currency
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