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Stone Ridge board approved plan for 'liquidation and dissolution' of its Bitcoin fund

Published 09/12/2022, 02:15 PM
Updated 09/12/2022, 04:00 PM
Stone Ridge board approved plan for 'liquidation and dissolution' of its Bitcoin fund
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Stone Ridge Asset Management, whose holding company is behind the New York Digital Investment Group, has filed notice with the United States Securities and Exchange Commission that it will liquidate its Bitcoin Strategy Fund.

In a Monday SEC filing, the asset manager said the Stone Ridge Trust board of trustees approved a Friday plan to liquidate and dissolve its Stone Ridge Bitcoin Strategy Fund, first filed with the SEC in July 2021. According to the plan, the asset management firm will continue to operate the fund through Oct. 3, after which time it will “reduce the fund to cash” in preparation for liquidation and distribution to shareholders.

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