{"id":49559,"date":"2021-09-16T11:38:43","date_gmt":"2021-09-16T08:38:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49559"},"modified":"2025-09-02T13:15:03","modified_gmt":"2025-09-02T10:15:03","slug":"skybridge-capital-raises-100-million-for-algorand-focused-fund","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/skybridge-capital-raises-100-million-for-algorand-focused-fund\/","title":{"rendered":"SkyBridge Capital raises $100 million for Algorand-focused fund"},"content":{"rendered":"<p>SkyBridge Capital, an investment firm, has raised $100 million for a fund focused on the Algorand blockchain. The founder Anthony Scaramucci told CNBC in an interview.<\/p>\n<p><iframe loading=\"lazy\" width=\"1280\" height=\"720\" src=\"https:\/\/www.youtube.com\/embed\/S1Wg8Y4QRgU\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/p>\n<p>According to the executive, the firm&#8217;s cryptocurrency assets under management have reached $700 million. Regulators have little time left to curb the development of the technology if they intend to pursue such plans.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Cryptocurrencies will take root. It\\&#8217;s like Uber. Authorities were against such a business, but society prevailed. There will soon be 200 million users of digital assets in the United States.&#8221;<\/em>, he said.<\/p>\n<\/blockquote>\n<p>The CEO also disclosed a <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1667919\/000144554621004533\/etf8_485b.htm\">\u0437\u0430\u044f\u0432\u043a\u0435<\/a> in <span data-descr=\"Securities and Exchange Commission of the United States\" class=\"old_tooltip\">SEC<\/span> to launch <span data-descr=\"exchange-traded fund\" class=\"old_tooltip\">ETF<\/span> on crypto-company equities.<\/p>\n<p>According to the document, the ETF First Trust SkyBridge Crypto Industry and Digital Economy will allocate 80% of the <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> into shares of companies representing the crypto industry&#8217;s ecosystem. Direct purchase of cryptocurrencies is not provided.<\/p>\n<p>In the interview, Scaramucci said he does not share <a href=\"https:\/\/forklog.com\/en\/news\/comment-gary-gensler-to-launch-a-crusade-against-bitcoin-exchanges\">the view of Chairman Gary Gensler<\/a> on the prevalence of fraud and abuse in the digital assets space.<\/p>\n<p>He urged lawmakers skeptical of the industry, notably <a href=\"https:\/\/forklog.com\/en\/news\/senator-elizabeth-warren-discussed-the-crypto-market-crash-with-gary-gensler\">Elizabeth Warren<\/a>, to broaden their understanding of the new asset class by participating in industry conferences.<\/p>\n<p>In July, SkyBridge Capital <a href=\"https:\/\/forklog.com\/en\/news\/skybridge-capital-launches-private-ethereum-fund\">launched<\/a> a private fund focused on acquiring Ethereum.<\/p>\n<p>In September, the investment firm <a href=\"https:\/\/forklog.com\/en\/news\/skybridge-capital-announced-the-launch-of-nft-platform-flatter\">announced<\/a> the launch of the NFT-platform Flatter <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span>-platform Flatter.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SkyBridge Capital has raised $100 million for a fund focused on the Algorand blockchain, according to founder Anthony Scaramucci in an interview with CNBC.<\/p>\n","protected":false},"author":1,"featured_media":49560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1329,1254,128,2074],"class_list":["post-49559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-algorand-algo","tag-anthony-scaramucci","tag-sec","tag-skybridge-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=49559"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49559\/revisions"}],"predecessor-version":[{"id":49561,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49559\/revisions\/49561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/49560"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=49559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=49559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=49559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}