The New York Digital Investment Group (NYDIG) has secured approval from the U.S. Securities and Exchange Commission (SEC) to offer institutional investors shares of a new fund focused on bitcoin futures. According to a filing published on an SEC database Monday, the NYDIG Bitcoin Strategy Fund, a portfolio fund in the Stone Ridge Trust VI, will invest in cash-settled bitcoin futures contracts traded on exchanges registered with the Commodity Futures Trading Commission (CFTC). The fund does not intend to invest in bitcoin directly, or any other cryptocurrencies. “The Fund will seek to purchase a number of Bitcoin ... (full story)