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Stone Ridge Calls Its $114M in Bitcoin 'Primary Treasury Reserve Asset'; NYDIG Unit Raises $50M

NYDIG raised the $50 million from FinTech Collective, Bessemer Ventures and Ribbit Capital.

Aktualisiert 14. Sept. 2021, 10:08 a.m. Veröffentlicht 13. Okt. 2020, 3:19 p.m. Übersetzt von KI
bull, wall street

Stone Ridge Holdings Group is stashing 10,000 BTC with the institutional asset manager's crypto subsidiary NYDIG, which on Tuesday announced it raised an additional $50 million in funding.

STORY CONTINUES BELOW
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  • The private firm called bitcoin its new "primary treasury reserve asset" in a statement shared with CoinDesk. That language was first adopted by publicly traded MicroStrategy.
  • VC fund FinTech Collective led the NYDIG raise with participation from Bessemer Ventures and Ribbit Capital, Forbes reported.
  • NYDIG is one of a handful of companies to wield New York state's BitLicense. It maintains a series of multi-million dollar crypto funds and offers prime brokerage and custody services to institutional clients.

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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

알아야 할 것:

  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.