In mid-November, a filing with the US Securities and Exchange Commission (SEC) revealed that the investment company Skybridge Capital is allowed to invest in crypto assets such as bitcoin. Over a month later, Skybridge Capital filed another registration form with the US SEC (Form D) because it plans to launch a bitcoin fund.
The asset management company run by Anthony Scaramucci, Skybridge Capital, is launching a bitcoin fund called the Skybridge Bitcoin Fund LP. The news from the Skybridge fund stems from a filing from Form D Securities and Exchange Commission. The New York-based company manages more than $ 9.2 billion in assets under management (AUM) and the Submit shows it wants to manage a bitcoin (BTC) fund for accredited investors.
According to the filing filed December 21, 2020, it is for accredited investors who can purchase $ 50k or more. It is a pooled investment and hedge fund, and in terms of issue size, Skybridge has declined to disclose. Furthermore, the Skybridge Bitcoin Fund will follow Rule 506 (c), which will allow the offering to solicit accredited investors and widely advertise.
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 to explain that the company’s G II fund “can hold long and short positions in digital assets.” Of course, after Form D’s filing was revealed for the Skybridge Bitcoin Fund, bitcoin advocates discussed the mention on social media and forums.
“Boom! Skybridge Capital Doubles Bitcoin,” tweeted Kevin Rooke. “They just registered the Skybridge Bitcoin Fund with the SEC, a month after having two of their other funds invest in bitcoin.”
Skybridge founder Anthony Scaramucci was also a former White House communications director. Scaramucci said in one interview who is “a fan” of cryptocurrencies and believes that “digital assets have a future”.
Skybridge founder also did one interview with Anthony ‘Pomp’ Pompliano and discussed bitcoin and the current structural problems in America. “There’s something here,” Scaramucci said to Pompliano. “The idea that I can exchange value with you confidentially has value – and I can exchange it through a mechanism that looks very secure.”
“Blockchain is getting tighter, more reformed and more secure,” added Scaramucci. “People will feel more confident about it, and I don’t think it can be stopped.”
What do you think about Skybridge Capital registering to launch a bitcoin fund? Let us know what you think about this topic in the comments below.
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