Last Updated: 23 December 2020
Former White House Communications Director Anthony Scaramucci is marking his entry into the crypto space with a bang. Scaramucci’s hedge fund, SkyBridge Capital, has announced the launch of its very own Bitcoin fund.
Accredited Investors Welcome
Speaking with Yahoo! Finance, Scaramucci confirmed that the SkyBridge Bitcoin Fund L.P. had launched with an initial investment of $25 million from the firm.
The confirmation is coming just two days after SkyBridge had applied for the Bitcoin Fund. A filing with the Securities and Exchange Commission (SEC) revealed that the fund would be classified as a “hedge fund.”
SkyBridge didn’t disclose the targeted investment size, although the minimum commitment from individual investors is pegged at $50,000.