NYDIG Expects to Hold $25B in Bitcoin for Institutional Clients This Year

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 […]

Competition among institutional Bitcoin services continues to heat up as fees are slashed in time for a fresh herd of investors entering. Bitcoin (BTC) institutional investment firm NYDIG has staged an abrupt price cut for investors using it to gain exposure to BTC price action.In a press release on March 24, the company confirmed that effective immediately, its access fee had been reduced to 0.3%.Bitcoin buyers pick their premiumThe move comes just days after NYDIG's FS Select NYDIG Bitcoin Fund became one of three products selected by Morgan Stanley to be offered to its wealthy....

Wells Fargo is offering its wealthy clients indirect exposure to Bitcoin through a new fund issued in partnership with NYDIG and FS Investments. Wells Fargo – one of the oldest banks in the United States – has registered a new, pooled investment fund that offers its wealthy clients indirect exposure to Bitcoin (BTC).Fargo’s filing of a “Notice of Exempt Offering of Securities” — also known as a Form D — with the United States Securities Commission (SEC), reveals that the fund is called “FS NYDIG BITCOIN FUND I,” reflecting the fact that it is being incorporated as a limited partnership....

Customers of U.S. banks will soon be able to buy, hold and sell bitcoin through existing accounts, according to NYDIG.

SIMON partners with NYDIG to bring institutional quality custody to their customers and launches an education platform.