THELOGICALINDIAN - The Bitcoin Investment Trust BIT has added than 100000 Bitcoins in its control said Barry Silbert arch of Second Market and the trusts founder
Silbert affairs to aggrandize BIT added this year, as investors apprehend the assurance to book for an IPO ancient in the fourth quarter. The close is a clandestine advance accouterment that is accepted to add a new blazon of investors already it sells banal to the public, according to the bitcoinnews.
BIT and Winklevoss Bitcoin Trust are aggressive for the aforementioned bazaar and accept to acceleration aloft several obstacles to access the banal market. However, BIT has advantage in that it’s not an exchange-traded fund. This agency that restrictions of the US Securities and Exchange Commission do not administer to Silbert the aforementioned way as with Winklevoss.
While BIT ability side-step some of the SEC’s restrains, it still has to accommodate to assertive different requirements so that it does not accept to go through the SEC approval process. Silbert has already antiseptic the affairs he has for advance of BIT and the processes involved.
