Fortress prepping Bitcoin fund

|About: Fortress Investment Grou... (FIG)|By:, SA News Editor

SecondMarket already has The Bitcoin Investment Trust, and now Fortress Investment Group (FIG +1.2%) is readying its own much larger offering, reports Dan Primack, who says an announcement could come at tonight's Bitcoin New Year's Eve Bash.

Word is the Fortress vehicle will be similar to SecondMarket's structure, and that Fortress may also raise a separate fund to back Bitcoin-related startups.