This is NYDIG's second raise for a bitcoin fund this year.
Benjamin Lawsky, the former regulator who created New York’s BitLicense in 2015, joined a bitcoin fund manager nearly a year before it applied for, and received, the license.
NYDIG has set up another bitcoin fund, raising $5 million from accredited investors but it's unclear what differentiates this one from its previous funds.
NYDIG plans to raise $25 million for an SEC-approved investment fund focused entirely on cash-settled bitcoin futures.
New York's latest BitLicense has been granted to the New York Digital Investment Group, along with a limited purpose trust charter.