SkyBridge Capital’s Ethereum fund has officially launched with a solitary investor committing $5.7 million to the vehicle in its first week, new regulatory documents show.
Scaramucci previewed the fund’s existence on a recent podcast by The Block but declined at the time to elaborate. The new documents reviewed by CoinDesk add some detail.
Private funds allow wealthy investors access to crypto price movement without having to think about issues like custody, settlement and trading.
It is not clear who the one investor is, but Scaramucci has seeded similar vehicles with his firm’s cash. His office did not immediately comment on the filing. First Trust did not immediately respond either.
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