April 25, 2024

Parent Company NYDIG Applies To Launch Leveraged Bitcoin Fund

Parent Company NYDIG Applies To Launch Leveraged Bitcoin Fund</p>

$9.1 billion asset manager Stone Ridge Holdings Group has filed with the SEC to launch the Stone Ridge Bitcoin Strategy Fund.investing in the first cryptocurrency.

The fund invests in futures based on digital gold and in investment instruments focused on direct or indirect ownership of it.

The strategy implies a focus on capital growth. The fund is expected to be able to leverage up to 1.25x.

The launch application was submitted on Form N-1A.It is used to create open-ended management companies, including mutual funds. The fund's structure is similar to NYDIG Bitcoin Strategy Fund II.

In February, Stone Ridge filed to launch a Diversified Alternatives Fund. His investment objects are Bitcoin and other alternative instruments.

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