![\"Scaramucci\u2019s](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/scaramuccis-billion-dollar-mega-hedge-fund-skybridge-may-hold-positions-in-bitcoin-768x432.jpg\")
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In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under management (AUM) told the U.S. regulator that Skybridge investment funds \u201cmay hold long and short positions in digital assets.\u201d <\/strong><\/p>\n Skybridge Capital<\/a>, another well known wealth manager with over $7.7 billion AUM,<\/a> told the SEC on Friday it may invest in digital assets like bitcoin. The SEC filing<\/a> discusses the overall assessment of the firm and includes a large summary of how Covid-19 is affecting the economy. Buried deep in the pages of certain assets, derivatives, ETFs, ETNs, and other investment vehicles, Skybridge notes the G II Fund may enter the crypto economy via a myriad of angles.<\/p>\n Not only did the fund say it \u201cmay hold long and short positions in digital assets,\u201d but Skybridge might also invest in other types of cryptos alongside bitcoin (BTC<\/a>). The filing even highlights that digital assets \u201ccould decline rapidly, including to zero.\u201d Even so, Skybridge could invest in other areas of the cryptocurrency universe like crypto companies.<\/p>\n \u201c[Skybridge] 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,\u201d the SEC papers note.<\/p>\n In a similar fashion, Skybridge tells the regulator that just like the chances of crypto-asset prices dropping to zero, some of the companies the fund invests in could be \u201crapidly eclipsed by newer and more disruptive technological advances.\u201d Toward the end of the filing statements about digital assets, Skybridge tells the SEC that the company fully understands that the \u201cregulatory landscape for digital assets is undefined and rapidly developing.\u201d<\/p>\n \u201cRegulation of digital assets can vary significantly among non-U.S. or U.S. federal, state, and local jurisdictions and is subject to significant uncertainty,\u201d the Skybridge filing details.<\/p>\n Skybridge Capital was founded in 2005 by Anthony Scaramucci<\/a>, Brett S. Messing, Raymond Nolte, and Troy Gaveski. Scaramucci recently discussed digital currencies in an interview<\/a> and explained that when he returned to Skybridge in 2018, \u201c[the company did] a deep dive into the digital assets space.\u201d<\/p>\n \u201cI am a fan,\u201d Scaramucci explained. \u201cI believe that digital assets have a future and obviously that blockchain has a future,\u201d the managing partner said.<\/p>\n What do you think about Skybridge possibly getting into the cryptocurrency economy in the future? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n The post Scaramucci\u2019s Billion-Dollar Mega Hedge Fund Skybridge \u2018May Hold Positions\u2019 in Bitcoin<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n![\"Scaramucci\u2019s](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/1.jpeg\" "\\"Scaramucci\u2019s")
<\/p>\n![\"Scaramucci\u2019s](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/fundsec.jpg\" "\\"Scaramucci\u2019s")
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