Bitcoins are created through a mining process involving computer algorithms on equipment owned or rented out by companies such as Iceland-based Genesis. Bitcoins, which are worth more than USD 400 each, can be purchased from trading exchanges such as BitStamp and Kraken.
The Logos Fund was registered with the US Securities and Exchange Commission last week, Genesis said in a statement. The fund will issue pooled investment fund interests to investors in an offering expected to last more than a year.
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