Asset Manager Secures SEC Approval to Create Novel Bitcoin Futures Fund
NYDIG plans to raise $25 million for an SEC-approved investment fund focused entirely on cash-settled bitcoin futures.
NYDIG raised the $50 million from FinTech Collective, Bessemer Ventures and Ribbit Capital.
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.
One of the (quietly) largest players in the institutional bitcoin space discusses the changing investor landscape in his first-ever podcast interview.
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.