Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
(Kitco News) - New York Digital Investment Group (NYDIG) appears to be undeterred by 2022’s widespread pullback in cryptocurrencies as a recent report released by the company indicates that its crypto balances hit a new record high during Q3.
“NYDIG's Bitcoin balances hit all-time highs in Q3, up almost 100% year-over-year, and revenue is up 130% through Q2, with another increase when the firm closes its books on Q3,” wrote the company in its news release.
In addition, a new filing with the U.S. Securities and Exchange Commission (SEC) shows that the NYDIG Institutional Bitcoin Fund LP has raised a total of $719.9 million to date from 59 investors, with just over $28 million in investments coming in since its last fundraise in 2021 when the total investments reached $691 million.
The filing states that...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...