Asset Manager Stone Ridge Shutting Bitcoin Futures Fund

Launched in 2019, the fund failed to garner significant assets under management.Read MoreCoinDesk

Stone Ridge Asset Management intends to liquidate and dissolve its Stone Ridge Bitcoin Strategy Fund next month, according to an SEC filing.

The fund launched in late 2019 with a strategy to invest in bitcoin (BTC) via futures contracts, but failed to find interest with investors, today currently holding only about $2.3 million in assets under management, according to Google Finance.

The fund likely faced headwinds not just from the bitcoin bear market, but also SEC approval of a number of competing Bitcoin Futures ETFs, at least some of which charged fees less than the Stone Ridge product.

Stone Ridge was founded in 2012 by current CEO Ross Stevens. Five years later, he launched Bitcoin-focused New York Digital Investment Group (NYDIG), where he serves as executive chairman. Stone Ridge Asset Management and NYDIG are both subsidiaries of Stone Ridge Holdings Group.

Read more about

NYDIG Bitcoin Futures Bitcoin Funds

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.