We already know that SecondMarket has launched The Bitcoin Investment Trust this year, but it looks like another financial group is looking to get a piece of the bitcoin action.
It is being reported that Fortress Investment Group is starting a bitcoin fund, which is said to be larger than SecondMarket’s current offering.
In late October, a top hedge fund manager at the company — Michael Novogratz — publicly endorsed the digital currency, so the move here isn’t that surprising.
Details on this particular story aren’t quite clear, and there’s an extreme lack of information on the matter. The company is reportedly not willing to offer any comments on the news. More information as it becomes available. (via CNN Money)