bitcoin While we had a good start to the week, new news came from the USA.
Stone Ridge Asset Management, the digital asset investments arm of Stone Ridge Holding Group, which manages billions of dollars, told the SEC. “Bitcoin Futures Fund” He said he would liquidate.
Founded by Stone Ridge, the fund was launched in 2019 and received SEC approval.
According to the SEC notice, the fund will be liquidated on or near October 21. The income to be obtained after the liquidation of the fund will be shared among the partners. As of October 3, trading on the fund will cease.
The following statements were used in the application:
“The fund will be liquidated in preparation for the liquidation date. The income from the liquidation will be distributed to the partners in cash.”
The fund does not have spot Bitcoin. Because when the fund was first established, it announced that it would only invest in Bitcoin futures contracts on CFTC-registered exchanges and stated that it would not hold physical Bitcoin. The fund had no direct investment plans in Bitcoin and other cryptocurrencies.
Stone Ridge Holding Group is a billion-dollar-management asset company that includes the famous cryptocurrency asset fund NYDIG.
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