Publicly traded First Foundation invests in NYDIG as belief in digital assets...
The two companies also announced a strategic partnership that would allow First Foundation to provide clients with secure access to Bitcoin-related investment products. First Foundation Inc, a publicly traded financial services provider, has made a strategic investment into New York Digital Investment Group as part of a broader effort to provide clients with secure access to Bitcoin (BTC) investment products.“We believe digital assets are an important part of the future landscape of financial services and we are pleased to be a part of its evolution as we seek to serve the growing needs of....
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Bitcoin is becoming an increasingly “institutional asset,” according to NYDIG's CEO. New York Digital Investment Group has raised $150 million through two separate cryptocurrency investment funds, according to documents filed with the United States Securities and Exchange Commission on Nov. 24 and Dec. 1.The NYDIG Digital Assets Fund I raised $50 million, with the NYDIG Digital Assets Fund II raising a further $100 million.Reports suggest that the money raised by Fund I, which invests purely in Bitcoin (BTC), came from just two unnamed investors. Meanwhile, the larger Fund II is reputed to....
Financial services company First Foundation has announced a strategic investment in NYDIG to grant its customers access to bitcoin.
New York Digital Investments Group (NYDIG) raised $150 million for two new funds to invest in cryptocurrencies, a move that underscores the one-stop crypto shop’s skyrocketing clout on the institutional bitcoin scene. As revealed in two U.S. Securities and Exchange Commission filings, NYDIG Digital Assets Fund I raised $50 million from institutional investors while NYDIG […]
Fidelity Digital Assets (FDA) says diversifying an investment portfolio with bitcoin is especially essential now when benchmark interest rates globally are near or below zero. The opportunity cost of not allocating to bitcoin is simply higher explains FDA in its latest bitcoin investment thesis. FDA’s assertions come as one survey found that as many as 60% of investors surveyed believe that digital assets have a place in a portfolio. As a consequence, Fidelity Digital Assets says that in these uncertain times, a diversified portfolio must consist of assets that lack a correlation....
The acquisition bolsters NYDIG's data offerings as it continues to build out an institutional client base.