Law360 (February 12, 2020, 3:27 PM EST) -- Ropes & Gray LLP helped Stone Ridge Asset Management LLC create the first Bitcoin-focused futures fund, alongside launching over a hundred other private funds, earning the firm a spot as one of Law360's 2019 Fund Formation Groups of the Year.
Stone Ridge's fund, called the NYDIG Bitcoin Futures Fund, was registered with the U.S. Securities and Exchange Commission in early October and aims to raise as much as $25 million, according to the filing. The fund allows investors to get a stake in cryptocurrency without directly investing in a system like Bitcoin.
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