SkyBridge Capital Founder on Crypto Market: “We Haven’t Sold One Position”
Categories: Crypto News US
On Thursday (May 12), Former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital, shared his thoughts on the crypto market.SkyBridge Capital is “an SEC-registered investment adviser and global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate.”On 4 January 2021, Skybridge announced “the launch of the SkyBridge Bitcoin Fund LP, which provides mass-affluent investors with an institutional- “Additionally, on behalf of its flagship funds, SkyBridge initiated a position, valued at approximately $310 million at the time of this release, in funds investing in Bitcoin during November ad December 2020.“According to a report by Cointelegraph published on April 25, SkyBridge Capital “also has money deployed in other hedge funds, late-stage private tech companies and real estate, with its total AUM reported being around $7.3 billion.” SkyBridge has also been trying to get a physical Bitcoin ETF approved by the U.S. SEC.Well, on May 12, Scaramucci talked about the crypto market in the aftermath of the $LUNA / $UST debacle during an interview with Scott Wapner, host of CNBC’s “Closing Bell: Overtime”.