Stone Ridge Asset Management Applies To SEC For New Bitcoin Fund
27 July 2021 12:00, UTC
Stone Ridge Asset Management, alternate investment manager for the New York Digital Investment Group, has applied a new prospectus to the Securities and Exchange Commission for the addition of bitcoins to its mutual funds.
The Stone Ridge Bitcoin Strategy Fund's prospectus appeared on the SEC's website on Friday. In fact, the application is dated July 26, 2021. The fund is part of the investment portfolio of Stone Ridge Trust, a Delaware public investment company.
According to the prospectus, “capital gains” is the main investment objective of the Stone Ridge Bitcoin Strategy Fund. The fund intends to invest in bitcoin through futures rather than spot markets.
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