The Bitcoin Investment Trust is designed for sophisticated investors looking for exposure to bitcoin in a simple investment vehicle. The BIT addresses the confusing and cumbersome experience of buying, storing and safekeeping large quantities of bitcoins as an investment.
Launched in 2013, the BIT is sponsored by Grayscale Investments LLC (Grayscale), a wholly-owned subsidiary of SecondMarket Holdings, Inc. (custodian and administrator) and an affiliate of SecondMarket, Inc. (marketing and distribution partner and authorized participant). Grayscale has engaged leading service providers Ernst & Young (auditor), Sidley Austin LLP (legal counsel), Continental Stock Transfer & Trust (transfer and administrative agent), and Corporation Service Company (trustee).
site link: http://www.bitcointrust.co/