SecondMarket operates a Bitcoin hedge fund for wealthy investors. But the firm has also filed for approval to bring the Bitcoin Investment Trust to retail investors. At the same time, the Winkelvoss twins’ Winkelvoss Bitcoin Trust is in contention for the same market.
- Latest Bitcoin News: More Mt. Gox Fallout, Contradictory Regulators
- Bitcoin Regulation Is Coming – Here's What To Expect
On Monday Mt. Gox filed for Chapter 15 bankruptcy in the United States to protect itself from a class action lawsuit that was recently filed in Chicago as well as a year-old case involving CoinLab Inc., which sued Mt. Gox for breaching a contract.
With the use of Bitcoin spreading rapidly, regulators are scrambling to study the digital currency. And while well-crafted regulation would grant Bitcoin much-needed legitimacy, too much would stifle its growth. Striking an ideal balance won't be easy,