NYDIG
Coverage of NYDIG in the Nexus archive.
- Bitcoin ETFs Take in Nearly $1B in New Money — But What Will the Price Do?
Bitcoin ETFs have attracted nearly $1 billion in new investments over six days, with BlackRock, Morgan Stanley, and Grayscale leading the inflows. Despite a 1% seven-day price gain for Bitcoin, analysts warn of macroeconomic headwinds like the US-Iran conflict and inflation, which could limit upside potential. CoinShares and NYDIG suggest Bitcoin may face further declines, with a potential cycle low near $38k-$39k.
- Bitcoin to $40,000? If History’s Anything to Go By, It’s Possible, Says Report
A NYDIG report suggests Bitcoin could dip to $38,000–$39,000 if historical patterns repeat, despite its 30% year-to-date decline. The report links the slump to supply mechanics and cyclical resets seen in 2014, 2018, and 2022, while noting Bitcoin's least volatile year in 2025 and potential for a quicker recovery. The CLARITY Act's passage is highlighted as a key catalyst for industry growth.
- ‘That’s the wrong question’: Bitwise CIO reframes bitcoin bottom debate, points to long-term drivers
Bitwise CIO Matt Hougan stated that Galaxy, NYDIG, and Standard Chartered disagree on when bitcoin will hit its bottom, but all three anticipate a future bull cycle. The discussion focuses on long-term factors rather than short-term price predictions.
- Bitcoin's slide has no single cause. AI, tech IPOs, quantum, Strategy sale all play a role, NYDIG says
Bitcoin's decline is attributed to multiple factors including AI, tech IPOs, quantum computing, and the sale of Strategy by NYDIG. The article highlights that no single cause is responsible for the slide.
- NYDIG suggests $1.3B IBIT sale was whale exiting directional trade
NYDIG’s Greg Cipolaro suggests a $1.3B sale of BlackRock’s IBIT occurred at a below-market price, with the seller forgoing millions in potential gains for immediate execution, indicating a large directional holder exited a trade. The analysis implies the transaction may have been driven by a whale liquidating a position.
- Senate crypto bill at risk beyond midterms if not passed by August: NYDIG
The Senate's crypto market structure bill is at risk of failing if it cannot clear a floor vote by August, according to NYDIG's Greg Cipolaro. The bill needs to be passed before the midterms. Failure to do so may result in the bill not passing.
- Alcoa Nears Sale of Idle New York Smelter to NYDIG for Bitcoin Mining Use
Alcoa is in talks to sell its idle Massena East aluminum smelter in upstate New York to Bitcoin mining firm NYDIG. The smelter, which has been closed since 2014, offers existing heavy electrical infrastructure and hydropower access, making it suitable for digital asset mining. The transaction aligns with Alcoa's strategy to divest underperforming U.S. smelter assets.
- Alcoa nears deal to sell dormant New York smelter site to Bitcoin miner NYDIG: Bloomberg
Alcoa is nearing a deal to sell a dormant New York smelter site to Bitcoin miner NYDIG, with the transaction expected to close mid-year. The aluminum company is working to offload 10 dormant U.S. smelter sites.