Scaramucci’s SkyBridge Launching a Bitcoin Fund
Anthony Scaramucci's $9.2B hedge fund manager is launching its first bitcoin fund.
The two firms are just the latest to file for an ETF, following in the footsteps of WisdomTree, Valkyrie, NYDIG and VanEck.
SkyBridge's bitcoin investment has already climbed to more than $300 million, mostly due to price appreciation in the past couple of months.
The custody bank would provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services.
“Bitcoin is digital gold,” SkyBridge said in its pitch to investors. “It is better at being gold than gold.”
Scaramucci said Skybridge is running a full bitcoin node.