Former Trump director prepares for Bitcoin fund launch

Charlie Taylor

Anthony Scaramucci's hedge fund, SkyBridge Capital, based in New York, filed with the United States Securities and Exchange Commission on Monday for what appears to be his first bitcoin fund.
The $ 9.2 billion asset manager submitted a 'Form D' for the 'SkyBridge Bitcoin Fund LP', a private bond offering open only to accredited investors. The fund's strategy and means of exposure were not available to date.
SkyBrige granted two of its funds permission to "seek exposure to digital assets" in mid-November, not to mention bitcoin specifically.
Since then, fund creator Anthony Scaramucci, who became known to the general public during his brief but memorable 11-day term as White House communications director for Donald Trump.Coinext 760x150

Monday's reports reveal that SkyBridge has a recent interest in pursuing the oldest cryptocurrency more directly.
The interest of institutional investors in digital assets seems to be accelerating, with more and more hedge funds, family offices, institutional investors and corporations investing in cryptocurrency.
The Guggenheim fund is currently awaiting approval from the SEC, the US regulatory agency, to make the purchase of more than $ 500 million in BTC.
A recent JPMorgan report stated that if insurance companies in the United States, Japan, the European Union and the United Kingdom invested just 1% of their capital in bitcoin, following MassMutual's example, that would represent $ 600 billion flowing into the cryptocurrency.
Read more: BitGrail founder may have invaded the exchange itself, police claim

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