Economic

Fortress is forming a Bitcoin fund

“In September we discussed how SecondMarket had launched the first U.S.-based investment vehicle dedicated exclusively to Bitcoin, called The Bitcoin Investment Trust (beating out the Winklevii, who remain stuck in regulatory limbo). Now comes word that Fortress Investment Group (FIG) is prepping its own Bitcoin fund, which likely will be much larger than the SecondMarket offering.”

Source:Fortress is forming a Bitcoin fund – The Term Sheet: Fortune’s deals blogTerm Sheet

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