[2015-04-01] CNBC: Public trading could begin next week for bitcoin fund

[pitham1]

Public trading could begin next week for bitcoin fund

http://www.cnbc.com/id/102549768

Investors soon could begin trading shares of the first investment vehicle tied to bitcoin.

It's been called "bitcoin's golden moment," and some see it as the start of the financial trend of the future. The Bitcoin Investment Trust (BIT) is just about ready for public trading.

The fund, whose share price would be about one-tenth of one bitcoin's selling price minus fees, has cleared all of its regulatory hurdles, and many shares have surpassed their year-long holding period, according to Barry Silbert, the founder of Digital Currency Group, which owns the fund's manager Grayscale Investments.