Business Insider reports that SecondMarket’s publicly traded, over-the-counter Bitcoin fund, the Bitcoin Investment Trust, should hit the market by Q4 of this year. As Silbert explained:
The plan all along was to move the [Bitcoin Investment Trust] into the public market in a similar way to the Winklevosses. But we’ve learned the route they’re taking takes many years to get approved, and there’s a high level of uncertainty when it will get done. [SecondMarket’s process] does not require SEC approval.”
Once launched, BIT will mostly likely trade through a service like e-Trade or TD Ameritrade. Silbert says his eventual goal is to see the fund on the NYSE or NASDAQ, but expects that process could take years.