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