The investment company SkyBridge Capital, founded by financier Anthony Scaramucci, has filed with the U.S. Securities and Exchange Commission (SEC) applications that, if approved, will grant it access to digital assets.
SkyBridge operates under a fund-of-funds model and includes SkyBridge G II Fund LLC and SkyBridge Multi-Advisor Hedge Fund Portfolios LLC. Assets under management are estimated at $9.2 billion.
A favorable decision from the SEC would allow SkyBridge Capital to invest in other funds that hold assets on the crypto markets or in companies that support the digital asset ecosystem.
Analyst Kevin Rooke noted SkyBridge Capital’s regulatory filing.
On Friday, Skybridge Capital filed an amendment with the SEC, allowing their $3.6 billion fund to start investing in Bitcoin.
Keep an eye on @Scaramucci 👀 pic.twitter.com/l6fmLosSWk
— Kevin Rooke (@kerooke) November 16, 2020
The company noted that investment funds may hold long and short positions in digital assets, including, but not limited to, Bitcoin.
“Investment funds may invest in digital assets without restrictions on market capitalization or technological characteristics, including less-known or newer digital assets,” stated in another filing.
SkyBridge Capital was founded by Anthony Scaramucci, who in 2017 sold his stake in a fund to the Chinese conglomerate HNA Group for a post as an advisor to the President of the United States on business relations.
He did not obtain the post, but was later appointed White House Communications Director. He was fired ten days later.
Earlier, Tiger 21 invested funds in Bitcoin, silver and shares of gold miners as a hedge against Joe Biden’s victory in the US presidential election.
Earlier, 61% of European institutional market participants have already invested or are planning to invest in cryptocurrencies.
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