Asset management firm Stone Ridge Asset Management is preparing to close its own bitcoin (BTC) fund, according to a new SEC notice.
Stone Ridge Asset Management, Stone Ridge Bitcoin Strategy Fund It was established in 2019. The fund’s strategy has since bitcoin futures contracts was to invest.
According to the company’s notice to the SEC, this fund in the next month scheduled to be liquidated.
Although Stone Ridge’s bitcoin fund was established in 2019, it did not grow significantly during this period. In the backdrop of Strone Ridge, only due to the recent drop in the price of Bitcoin and perhaps the impact of other competitors in the industry. worth $2.3 million entity exists.
Stone Ridge was founded in 2012 by Ross Stevens, and in 2017 it was Work in the cryptocurrency industry The New York Digital Investment Group (NYDIG) was established. Both names are affiliated with Stone Ridge Holdings Group.