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New York-Based Asset Manager Closes $190M Round for Bitcoin Institutional Fund

Paddy Baker
Updated ·1-min read

New York Digital Investments Group (NYDIG) raised $190 million from 24 investors for another bitcoin fund.

  • The round of funding for the NYDIG Institututional Bitcoin Fund was disclosed to the Securities and Exchange Commission (SEC) Tuesday.

  • NYDIG started raising for the Bitcoin Fund in 2018, according to the disclosure filing.

  • The New York-based asset manager did not disclose the fund’s proposed net asset value or any other details.

  • Last month, NYDIG raised $140 million for a similar investment vehicle, the Bitcoin Yield Enhancement Fund.

  • The asset manager has held a New York BitLicense since 2018.

  • Benjamin Lawsky, the former financial regulator who created New York’s BitLicense in 2015, joined NYDIG nearly a year before the bitcoin fund manager applied for, and received, that license.

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