Anthony Scaramucci’s SkyBridge Capital <a href="https://www.sec.gov/Archives/edgar/data/1836921/000095010320024475/xslFormDX01/primary_doc.xml" target="_blank" rel="nofollow noopener">filed</a> with the U.S. Securities and Exchange Commission (SEC) to launch its own Bitcoin fund. The latest filing signifies that Scaramucci wants to approach only accreted investors. Scaramucci is the former White House communications director, also the former vice president of Goldman Sachs. The fund also known as SkyBridge Bitcoin Fund L.P. will have Scaramucci as its manager.
<h2>SkyBridge Capital Plans on Launching Bitcoin Fund</h2>
As per the SEC document, SkyBridge Capital filed a Form D with the regulatory agency for its first <a href="https://www.cryptoknowmics.com/news/jpmorgan-says-grayscales-crypto-fund-key-for-bitcoins-success/">bitcoin fund</a>. Although the target size of the investment fund is not disclosed, it seeks a minimum investment of $50,000 from participants.

The hedge fund has registered the new fund under Rule 506(c). This signifies that the issuer can advertise its offering with the condition of buyers being accredited investors.

If the proposal gets accepted, it could signify that more <a href="https://www.cryptoknowmics.com/news/metacos-vp-believes-crypto-regulations-benefited-institutional-investors-in-2020/">institutional investors</a> will get exposed to bitcoin through the SkyBridge Bitcoin Fund L.P. As per the document, the proposed fund is classified as a hedge fund.
<h2>Skybridge Manages Over $9.2B Assets Under Management</h2>
The Form D for an exempt offering also appeared on the Securities and Exchange Commission’s website. The proposal listed SkyBridge Bitcoin Fund L.P. as the issuer and SkyBridge Bitcoin Fund GP LLC as a related person.

The SEC filing stated:

“The Company and Investment Funds may also invest in securities of companies related, in whole or in part, to digital assets or digital asset technologies (including digital asset miners, payment technologies, digital security, or crypto trading exchanges), or that otherwise have direct or indirect exposure to emerging technologies.”

In mid-November, SkyBridge initially filed with the U.S. Securities and Exchange Commission (SEC) for investing in crypto assets like <a href="https://www.cryptoknowmics.com/news/sec-chairman-jay-clayton-reveals-whats-boosting-bitcoins-rally/">bitcoin</a>. A month later, the firm filed again with the regulatory agency for launching its own Bitcoin fund.

SkyBridge Capital was founded in 2005 by Anthony Scaramucci, Brett S. Messing, Raymond Nolte, and Troy Gaveski. The company currently manages over $9.2 billion in assets under management (AUM).

Anthony Scaramucci’s SkyBridge Capital Plans on Launching Bitcoin Fund

Anthony Scaramucci’s SkyBridge Capital filed with the U.S. Securities and Exchange Commission (SEC) to launch its own Bitcoin fund.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Anthony Scaramucci’s SkyBridge Capital Plans on Launching Bitcoin Fund

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