Hedge Fund accepting bitcoin.

[Bitcoin Oz]

http://www.hedgeweek.com/2012/10/08/174393/emergence-electronic-gold%E2%80%A6

“We will hold the Bitcoins securely in a Swiss vault over a period of three, five, 10 years. The fund will be a regulated entity through which institutional investors will be able to access the Bitcoin market,” says Knyazev.

Does that mean they will hold paper bitcoins ?

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[Stephen Gornick]

http://www.hedgeweek.com/2012/10/08/174393/emergence-electronic-gold%E2%80%A6

“We will hold the Bitcoins securely in a Swiss vault over a period of three, five, 10 years. The fund will be a regulated entity through which institutional investors will be able to access the Bitcoin market,” says Knyazev.

Does that mean they will hold paper bitcoins ?

Well, "paper bitcoins" in the same way that shares of crude oil in an ETF are paper oil (basically a contract representing a physical asset )

Related:

2012-10-08 hedgeweek.com - The emergence of electronic gold...?
 - http://bitcointalk.org/index.php?topic=117289.0

[toffoo]

It's great to see Bitcoin getting some exposure to that industry and see some institutional investors get involved, but I was hoping that a hedge fund would try to do something more clever than just stick a few BTC in a bank vault and wait.