Stone Ridge Files Registration Statement for Bitcoin Fund

Stone Ridge has filed a registration statement with the Securities and Exchange Commission (SEC) for the NYDIG Bitcoin Strategy Fund. Stone Ridge currently manages around $15 billion of assets.

The closed-end Fund is seeking to raise up to $25 million.

According to the document, the Fund pursues its investment objective primarily by investing in Bitcoin futures contracts.

The Fund will only invest in cash-settled Bitcoin futures traded on commodity exchanges registered with the CFTC. The Fund will not invest in Bitcoin or other digital assets directly.

The Fund will seek to purchase a number of Bitcoin futures so that the total value of the Bitcoin underlying the Bitcoin futures held by the Fund is as close to 100% of the net assets of the Fund.

This Fund does not expect to list on an exchange or marketplace but the manager expects to offer quarterly share repurchases.

Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Sponsored Links by DQ Promote


You may also like...

Send this to a friend