Asset management firm Stone Ridge (15bn AUM) plans to launch a bitcoin futures fund
Overnight crypto piece ICYMI on a planned new bitcoin futures fund, "NYDIG Bitcoin Strategy Fund" .
- Stone Ridge said the fund will invest only in cash-settled bitcoin futures traded on exchanges registered with the U.S. Commodity Futures Trading Commission (CFTC)
- not trading in in physically-settled bitcoin futures
- nor will it invest in bitcoin or other cryptocurrencies directly