NYDIG Raises $50M for Seventh Digital Asset Fund

Posted on by American Coins & Gold

NYDIG Raises M for Seventh Digital Asset Fund
Bitcoin investment firm NYDIG raised $50 million for its seventh fund to invest in cryptocurrencies, the firm said in a regulatory filing.NYDIG opened the fund on Nov. 16 and a single investor contributed the full amount. The firm plans to leave the fund open indefinitely.NYDIG launched its first digital asset funds late last year when the NYDIG Digital Assets Fund I raised $50 million and the NYDIG Digital Assets Fund II raised $100 million from institutional investors. Fund I invested entirely in bitcoin, but it’s not clear if that’s the case for the latest fund.The NYDIG funds tend to attract…