• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
bitcoin cryptocurrency

Bitcoin Firm NYDIG Gets $200m Injection from Morgan Stanley, Soros

San Lee by San Lee
2 years ago
in Press releases, Bitcoin, Companies, News
0

Earlier today, NYDIG, a leading provider of investment and financial solutions for Bitcoin, announced that they were receiving $200 million in growth capital funding led by strategic partners Morgan Stanley, Soros Fund Management, FS Investments, Stone Ridge Holdings, Mass Mutual and New York Life. FinTech Collective and Bessemer Venture Partners, who previously funded NYDIG, also took part.

Robert Gutmann, co-founder and CEO of NYDIG, said that the participating firms were more than just investors: “they are partners, each well known to us for years.

NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy.” He also promised that through the $200 million investment from their strategic partners, NYDIG would deliver “an explosion of innovation in Bitcoin products and services.” 

Indirect Bitcoin Exposure Grows

As institutional and retail Bitcoin adoption continues to surge, corporations are seeking new ways to gain exposure to the white hot crypto industry. While some companies such as MicroStrategy, Tesla and Square have opted to hold cryptocurrencies on their balance sheets in lieu of cash, others have looked to take advantage of the growing demand for investment solutions. New crypto-based financial products are undoubtedly on the rise.

For instance, the first several crypto-based exchange traded funds became available on the Toronto Stock Exchange mere months ago. If the crypto sector continues growing at the current pace, it’s likely that significantly more capital will flood into the sector.

On a similar note, NYDIG also announced that their clients have more than $1 billion in both direct and indirect Bitcoin exposure. In the past three months, Bitcoin has appreciated more than 170%, compared to the DOW JONES much more modest 5% gain. As the global equity markets slow down due to fears of inflation and rising interest rates, investing in crypto seems more attractive than ever before — for both individual investors and institutions. 

Featured image from UnSplash
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

San Lee

San Lee

Related Posts

ron ron token desantis

The Ascending Trajectory of $RON: Setting the Pace for Years to Come

4 hours ago
TMS Network (TMSN) Gives 3000% Profit To Investors While Optimism (OP) And Arbitrum (ARB) Lose Significant Value

TMS Network (TMSN) Gives 3000% Profit To Investors While Optimism (OP) And Arbitrum (ARB) Lose Significant Value

4 hours ago
Why are Aptos (APT) and Cardano (ADA) investors shifting their funds to the novel TMS Network (TMSN)?

Why are Aptos (APT) and Cardano (ADA) investors shifting their funds to the novel TMS Network (TMSN)?

4 hours ago
Can DeFi Utility Like Uniswap(UNI) Be Possible With Uwerx(WERX)?

Can DeFi Utility Like Uniswap(UNI) Be Possible With Uwerx(WERX)?

4 hours ago
Bitcoin Whales Are Diving Into DigiToads as Memecoin Season Continues

Bitcoin Whales Are Diving Into DigiToads as Memecoin Season Continues

4 hours ago
Axie Infinity (AXS) Price Surges After App Store Listing, And InQubeta (QUBE) Breaks Records with Its Presale Launch

Axie Infinity (AXS) Price Surges After App Store Listing, And InQubeta (QUBE) Breaks Records with Its Presale Launch

7 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    6 hours ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    6 hours ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    9 hours ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • ron ron token desantis

    The Ascending Trajectory of $RON: Setting the Pace for...

    4 hours ago
  • TMS Network (TMSN) Gives 3000% Profit To Investors While...

    4 hours ago
  • Why are Aptos (APT) and Cardano (ADA) investors shifting...

    4 hours ago
  • Can DeFi Utility Like Uniswap(UNI) Be Possible With...

    4 hours ago
  • Bitcoin Whales Are Diving Into DigiToads as Memecoin Season...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.