The hedge fund founded by Anthony Scaramucci, SkyBridge Capital filed a Regulation D form for a Bitcoin Fund with the US SEC.
If the SEC grants this permission, the hedge fund from New York shall offer accredited investors the chance to invest in a “SkyBridge Bitcoin Fund L.P.” SkyBridge didn’t disclose more information about the fund and haven’t commented as of now.
The form that SkyBridge filed today declined to disclose the assumed asset value of the fund and set the minimum investment at $50K. The fund is also registered by SkyBridge under Rule 506C, an SEC exemption that allowed the fund to be advertised as long as the purchases are verified by the issuer as investors.
The accredited investors are those with annual incomes of over $200,000 in the past two years. The investors are also the ones who hold the licenses required for investment professionals.
SkyBridge contacted the fund registration last November when the investment firm updated SEC documents to allow the company to hold positions in digital assets. The latest prospectus authorized a broad set of investment targets with ‘altcoins’ and ICOs.
The form filed today seems to be focused only on Bitcoin. Scaramucci will serve as the EO of the fund.
SkyBridge has been founded in 2005. Together with hedge fund services, Skybridge also offered real estate investment REIT products and hosted its annual SkyBridge Alternatives (SALT) Conference since 2009.
SkyBridge joined institutional Bitcoin investors like Grayscale and 3iQ. SkyBridge is one of the traditional investment firms that expressed interest in Bitcoin. For instance is MicroStrategy, which completed a purchase that displayed over $1B BTC investments this year.
Scaramucci is a fan of Bitcoin. Last August, he said that his children are ready to buy Teslas with Bitcoin.
No Comment