A filing registered with the U.S. Securities and Exchange Commission (SEC) has revealed that billion-dollar wealth manager Skybridge Capital is looking to invest in cryptoassets like bitcoin, and plans on launching a bitcoin fund.
The wealth management firm has over $9.2 billion in assets under management (AUM) and is run by Anthony Scaramucci. It’s set to launch a bitcoin fund dubbed the Skybridge Bitcoin Fund L.P. The fund is set to be managed for accredited investors who purchase $50,000 or more worth of BTC, according to the filing.
The fund is a pooled investment and hedge fund, and Skybridge hasn’t disclosed its size. Skybridge capital itself was founded back in 2005 by Scaramucci and Brett Messing, Raymond Nolte, and Troy Gaveski.
Skybridge has also granted two of its funds permission to “seek exposure to digital assets” earlier this year, although it did not specifically mention bitcoin itself.
Anthony Scaramucci has, since then, shown interest in bitcoin through conversations with Michael Saylor, the CEO of business intelligence firm MicroStrategy., which has invested well over $1 billion into the flagship cryptocurrency, and now holds 70,470 BTC.
Scaramucci, a former White House communications chief, called for more “helicopter money” earlier this year to ease the transition of the American economy into a post-lockdown world. He applauded the Federal Reserve for cutting interest rates close to zero and pledging to purchase assets “in the amounts needed.”
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