New York Financial Institutions Close $ 190 Million in Bitcoin Institutional Fund

New York Financial Institutions Close $ 190 Million in Bitcoin Institutional Fund

On June 30, the funds of the NYDIG Institutional Bitcoin Fund were made public by the United States Securities and Exchange Commission (SEC).

According to the data, NYDIG begins fundraising for Bitcoin in 2018.

The New York CFO did not report any income on property value or any other means.

Last month, NYDIG closed a similar Bitcoin yield enhancement fund, raising $ 140 million.

The asset management company has been applying for a commercial license (BitLicense) for cryptocurrency activities in New York since 2018.

NYDIG's Bitcoin Strategic Fund is owned by Stone Ridge Asset Management LLC. In November 2018, Benjamin Lawsky, CEO of the consulting firm, helped the company obtain its New York state crypto license, BitLicense.