The upstart stock exchange Second Market has made a name for itself allowing investors to buy shares of hot private companies like Twitter. Now that those companies are going public, Second Market is turning its attention to the next new thing — bitcoin.
On Thursday, Second Market is expected to begin raising money for an investment fund — the first of its kind in the United States — that will hold only bitcoins, giving wealthy investors exposure to the trendy but controversial virtual currency.
The fund, the Bitcoin Investment Trust, aims to provide a reliable and easy way to bet on the future price of bitcoin, a currency generally traded on unregulated, online exchanges based overseas. Full story for BostonGlobe.com subscribers.