Barry Silbert's Bitcoin Investment Trust, likely the world's largest bitcoin investment fund, has announced it will begin buying and selling bitcoins on the open market "on a pilot basis."
In other words, it will become a market-maker. Previously it had served as a vehicle for passively investing in bitcoins.
"SecondMarket is currently buying bitcoin," an announcement on SecondMarket's website says. "Any bitcoin holders interested in selling blocks of bitcoin can benefit from our deep knowledge base of the bitcoin markets."
Reached by phone this afternoon, Silbert said SecondMarket was capitalizing on the technical problems and ensuing confidence crisis of the past 48 hours experienced by Mt. Gox, at one point the largest USD-traded exchange in the world.
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http://www.businessinsider.com/bitcoin-investment-trust-market-maker-2014-2
