NYDIG Bought The Recent Bitcoin Dip, Indicates Other Institutions Are Doing T...
Major bitcoin investment manager NYDIG has shared that its desk, other institutions increasingly act on a “buy the dip” mentality.Amid a historic level of liquidation for bitcoin over the weekend, NYDIG, a bitcoin-focused investment manager, worked to acquire more bitcoin, according to a recent email sent to its subscribers.NYDIG’s Global Head of Research Greg Cipolaro explained in the email how it believes “the root cause of the sell-off had to do with investor positioning rather than fundamental news. Simply put, traders were overleveraged and positioned long, resulting in forced....
Related News
Leading international consulting firm Deloitte is partnering with NYDIG to onboard businesses to Bitcoin, including Fortune 500 companies.
The founder of Stone Ridge Asset Management and the New York Digital Investment Group (NYDIG) sees a “wall of money” coming into bitcoin based on his firm’s order book. The executive believes that institutions are just getting started and we will see an explosion of bitcoin-focused traditional financial products within a year. NYDIG Bullish on Bitcoin Stone Ridge Asset Management and NYDIG founder Ross Stevens shared his insight on institutional adoption of bitcoin last week in an interview with Microstrategy CEO Michael Saylor. Stevens founded Stone Ridge in 2012 and....
Millions of people in America could soon be able to buy Bitcoin from their bank accounts following a partnership led by NYDIG and Q2. New York Digital Investment Group (NYDIG) has partnered with Q2, a firm specializing in providing digital services to financial institutions, to provide access to Bitcoin (BTC) for bank account holders in the United States.According to a release issued on Wednesday, the partnership will potentially open up Bitcoin buying, selling and custody channels to about 18.3 million bank customers in America.Indeed, Q2 provider internet banking services to about 30% of....
Jack Henry & Associates has partnered with NYDIG to offer bitcoin services to legacy financial institutions in software as a service model.
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 […]