Asset Manager Stone Ridge’s NYDIG Sees Wall of Money Coming Into Bitcoin — In...
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....
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New York-based asset managers Stone Ridge confirms 10k Bitcoin ($115 million) holding in its treasury. Stone Ridge purchased the Bitcoin via subsidiary firm New York Digital Investment Group (NYDIG), one of the few companies with a BitLicense issued by the New York State Department of Financial Services (NYSDFS). Stone Ridge becomes the latest high profile […]
Just recently, during Microstrategy’s “Bitcoin for Corporations” event, Stone Ridge Asset Management and New York Digital Investment Group (NYDIG) founder, Ross Stevens, explained that he sees a “wall of money” entering the bitcoin space. A week later after that statement, NYDIG has revealed that the company has filed for a bitcoin exchange-traded fund (ETF) and is hoping for regulatory approval. NYDIG Files for a Bitcoin Exchange-Traded Fund With Hopes to Trade on NYSE Arca Last week, when Ross Stevens told the Microstrategy CEO and bitcoin bull, Michael....
Asset management firm Stone Ridge has filed with the U.S. Securities and Exchange Commission (SEC) for its open-end mutual fund to invest in bitcoin. “This is a big deal. Stone Ridge filing opens the door for every mutual fund to add bitcoin,” said a fellow asset manager. Stone Ridge Wants Its Mutual Fund to Invest in Bitcoin Stone Ridge Trust filed Form N-1A with the U.S. Securities and Exchange Commission (SEC) last week. The filing, which is expected to become effective on April 26, relates to the Stone Ridge Diversified Alternatives Fund. The fund “seeks to generate....
One latest news making rounds in the crypto space is the new partnership between the digital payment platform-Allied Payment Network, and the Bitcoin subsidiary of Stone Ridge, a $10 billion alternative asset manager called NYDIG. Related Reading | GBTC Unlocks Spells Doom For Bitcoin? Top Expert Breaks It Down The latest developments come with the […]
NYDIG, a subsidiary of Stone Ridge Asset Management, has filed for regulatory approval from the SEC to offer a bitcoin exchange-traded fund. The post NYDIG Files For Bitcoin ETF Approval appeared first on Bitcoin Magazine.