NYDIG

CFO of Bridgewater Associates, the world’s largest hedge fund, John Dalby has joined NYDIG to work on Bitcoin services.

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.