Billion-Dollar Wealth Manager Skybridge Capital Plans to Launch a Bitcoin Fund

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In mid-November, a filing registered with the US Securities and Exchange Commission (SEC) showed that the investment firm Skybridge Capital may invest in crypto assets such as Bitcoin. Over a month later, Skybridge Capital filed another registration form with the US SEC (Form D) to set up a Bitcoin fund.

The wealth management firm, led by Anthony Scaramucci, Skybridge Capital, is launching a Bitcoin fund called Skybridge Bitcoin Fund LP. The news from the Skybridge Fund came from a filing made by the Form D Securities and Exchange Commission. The New York-based company has over $ 9.2 billion in assets under management (AUM). The filing shows that it wants to manage a Bitcoin Fund (BTC) for accredited investors.

According to the application filed on December 21, 2020, this applies to accredited investors who can purchase $ 50,000 or more. It is a pooled mutual and hedge fund and Skybridge has refused to disclose it. In addition, the Skybridge Bitcoin Fund will follow rule 506 (c) which enables the promotion and general promotion of the offering to accredited investors.

Skybridge Capital was founded in 2005 by Anthony Scaramucci, Brett S. Messing, Raymond Nolte and Troy Gaveski. News of the Skybridge Bitcoin Fund filing on Monday follows the company stating that the company’s G II Fund can “hold long and short positions in digital assets.” Of course, after the Form D filing for the Skybridge Bitcoin Fund became known, Bitcoin proponents discussed the entry on social media and forums.

“Boom! Skybridge Capital doubles in Bitcoin,” Kevin Rooke tweeted. “They just registered the Skybridge Bitcoin Fund with the SEC a month after allowing two of their other funds to invest in Bitcoin.”

Skybridge’s founder, Anthony Scaramucci, was also a former White House communications director. Scaramucci said in an interview that “a fan” of cryptocurrencies and believes that “digital assets have a future”.

The Skybridge founder also interviewed Anthony ‘Pomp’ Pompliano and discussed Bitcoin and the current structural problems in America. “Here’s something,” said Scaramucci to Pompliano. “The idea that I can confidentially exchange value with you is valuable – and I can exchange it through a mechanism that looks very secure.”

“Blockchain is getting tighter, reformed and more secure,” added Scaramucci. “People are going to have more faith in you and I don’t think it can be stopped.”

What do you think of Skybridge Capital’s registration to launch a Bitcoin fund? Let us know what you think on this matter in the comments section below.

Tags in this story

Anthony ‘Pomp’ Pompliano, Anthony Scaramucci, Bitcoin, Blockchain, Cryptocurrencies, Finance, Form D, G II Fund, Pompliano Podcast, Rule 506 (c), SEC, SEC Filing, Skybridge, Skybridge Bitcoin Fund, Skybridge Capital

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