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In mid-November, a filing registered with the U.S. Securities and Exchange Commission (SEC) had shown that the investment firm Skybridge Capital may invest in crypto assets like bitcoin. Over a month later, Skybridge Capital filed another registration form with the U.S. SEC (Form D) as it plans to launch a bitcoin fund.<\/strong><\/p>\n The wealth management firm run by Anthony Scaramucci, Skybridge Capital<\/a>, is launching a bitcoin fund called the Skybridge Bitcoin Fund L.P. The news of the Skybridge\u2019s fund stems from a Form D Securities and Exchange Commission filing. The New York-based company manages over $9.2 billion assets under management (AUM) and the filing<\/a> shows it wants to manage a bitcoin (BTC<\/a>) fund for accredited investors.<\/p>\n According to the filing submitted on December 21, 2020, it will be for accredited investors who can purchase $50k or more. It\u2019s a pooled investment and hedge fund, and as for the issuance-size Skybridge has declined to disclose. Further, the Skybridge Bitcoin Fund will follow Rule 506(c) that allows the solicitation and general advertisement of the offering to accredited investors.<\/p>\n Skybridge Capital was founded in 2005 by Anthony Scaramucci<\/a>, Brett S. Messing, Raymond Nolte, and Troy Gaveski. The news of the Skybridge Bitcoin Fund filing on Monday follows the company explaining<\/a> that the firm\u2019s G II Fund \u201cmay hold long and short positions in digital assets.\u201d Of course, after the Form D filing was revealed for the Skybridge Bitcoin Fund, bitcoin proponents discussed<\/a> the entry on social media and forums.<\/p>\n \u201cBoom! Skybridge Capital is doubling down on Bitcoin,\u201d tweeted<\/a> Kevin Rooke. \u201cThey just registered the Skybridge Bitcoin Fund with the SEC, one month after allowing two of their other funds to invest in bitcoin.\u201d<\/p>\n The founder of Skybridge Anthony Scaramucci was also a former White House director of communications. Scaramucci has said in an interview<\/a> that \u201ca fan\u201d of cryptocurrencies and believes that \u201cdigital assets have a future.\u201d<\/p>\n <\/ins> <\/ins> <\/p>\n The Skybridge founder also did an interview<\/a> with Anthony \u2018Pomp\u2019 Pompliano and discussed bitcoin and the current structural issues in America. \u201cThere\u2019s something here,\u201d Scaramucci told Pompliano. \u201cThere\u2019s value to the notion that I can exchange value with you, confidentially \u2014 and I can exchange it through a mechanism that looks very secure.\u201d<\/p>\n \u201cBlockchain is going to get tighter, and more reformed, and more secure,\u201d Scaramucci added. \u201cPeople are going to have more confidence in it, and I don\u2019t think it can be stopped.\u201d<\/p>\n What do you think about Skybridge Capital registering to launch a bitcoin fund? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n The post Billion-Dollar Wealth Manager Skybridge Capital Plans to Launch a Bitcoin Fund<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n