While Bitcoin had a good start to the week, new news came from the USA. Stone Ridge Asset Management, the digital asset investment arm of Stone Ridge Holding Group, which manages billions of dollars, said in a statement to the SEC that it will liquidate the "Bitcoin Futures Fund."

Founded by Stone Ridge, the fund was launched in 2019 and was approved by the SEC. According to the SEC notice, the fund will be liquidated on or near October 21. The income to be obtained after the liquidation of the fund will be shared among the partners. As of October 3, trading on the fund will cease. The following statements were used in the application:

   "The fund will be converted into cash in preparation for the liquidation date. The income from the liquidation will be distributed to the partners in cash."

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The fund does not have spot Bitcoin. Because when the fund was first established, it announced that it would only invest in Bitcoin futures contracts on CFTC-registered exchanges and stated that it would not hold physical Bitcoin. The fund had no direct investment plans in Bitcoin and other cryptocurrencies. Stone Ridge Holding Group is a billion-dollar-management asset company that includes the famous cryptocurrency asset fund NYDIG.

Bank of China calls for greater use of digital yuan

The People's Bank of China (PBOC) wants to strengthen the link between the digital yuan (e-CNY) and traditional e-payment technologies to make the digital currency more convenient for consumers to use.

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Speaking at an event on digital banking in Beijing, People's Bank of China Vice President Fan Yifei said that more efforts are needed to expand the scenarios and environment for the use of the digital yuan.

Fan Yifei thinks there should be more legislation and standard unification to encourage the interconnection of different payment technologies in areas such as digital identities, Bluetooth and QR codes, which will increase usage for users of the central bank digital currency (CBDC).