NYDIG

Customers of U.S. banks will soon be able to buy, hold and sell bitcoin through existing accounts, according to NYDIG.

Financial services company First Foundation has announced a strategic investment in NYDIG to grant its customers access to bitcoin.

Major bitcoin investment manager NYDIG has shared that its desk, other institutions increasingly act on a “buy the dip” mentality.

NYDIG has announced a $100 million raise of growth capital with strategic partnerships and hires for a bitcoin-powered insurance strategy.

With multiple regulatory filings for approval of a U.S. bitcoin ETF in place, it appears that such a product is imminent.

Unchained Capital closed a $5.5 million equity seed round led by NYDIG, and the groups now seek to build out bitcoin-native infrastructure.

NYDIG, a subsidiary of Stone Ridge Asset Management, has filed for regulatory approval from the SEC to offer a bitcoin exchange-traded fund.

Under the BitLicense, NYDIG Execution LLC is now allowed to offer secure custody and trade execution services, as well as to operate as a custodian for virtual currencies, including bitcoin, bitcoin cash, ether, ripple and litecoin.