July 1, 2020 New York Digital Investment Group raises $190 million for Bitcoin fund.

New York Digital Investment Group (NYDIG) has raised just over $190 million from 24 investors for its Institutional Bitcoin Fund according to an SEC filing dated June 29. According to the filing, NYDIG has been raising the capital since 2018 but chose not to publish its proposed net asset value. The raise follows a $140 million raise by the firm in May for its Bitcoin Yield Enhancement Fund.