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According to a Form-D filing with the US Securities and Exchange Commission, the New York Digital Investment Group has sold almost $140 million in its NYDIG awarded a BitLicense in 2018.Yield Enhancement Fund LP. The pooled investment Bitcoin fund was previously unknown to the public but was
The documents, reported by Forbes, show that the NYDIG fund has been selling since May 5. [Forbes]
The fund has been linked with Ben Lawsky, known as the ‘Sheriff of Wall Street’ for fining financial institutions to the tune of $6 billion during his stint as NY State’s superintendent of financial services.
Also connected with the fund is the co-founder of Stone Ridge Asset Management, Robert Gutman.
The news coincides with JPMorgan opening bank accounts for Coinbase and Gemini — showing increased interest from traditional finance in the Bitcoin industry.
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