NYDIG has raised $150 million through two separate Bitcoin investment funds, according to documents filed with the US SEC.
December 2, 2020 | AtoZ Markets – Asset management company New York Digital Investment Group (NYDIG) has raised $150 million in two institution-focused new bitcoin funds.
Both are launched in the form of a pooled investment fund, which involves the participation of several investors. This made it easier to raise funds under Rule 506 (c) of Regulation D, which does not require SEC registration.
While two investors contributed $50 million to NYDIG Digital Assets Fund I, the entire $100 million investment in NYDIG Digital Assets Fund II was formed by one large client.
Other sources have said that the first fund investment is exclusively in the flagship cryptocurrency. However, information on the strategy of the second bitcoin fund is not available at the time of publication.
It is worthy of note, that in July, NYDIG raised $105 million in NYDIG Institutional Bitcoin Fund.
Galaxy Digital will launch a new Bitcoin fund in Canada
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