SkyBridge Bitcoin Fund files Form D
Anthony Scaramucci's SkyBridge Capital officially launches Bitcoin Fund with over $300 million in assets under management.
On December 21, 2020, SkyBridge Bitcoin Fund files Form D. Anthony Scaramucci's SkyBridge Capital officially launches Bitcoin Fund with over $300 million in assets under management.
Scaramucci, who had become an increasingly vocal Bitcoin advocate throughout 2020, used his platform and connections in traditional finance to promote Bitcoin to institutional investors and high-net-worth individuals who might be interested in cryptocurrency exposure but wanted professional management. SkyBridge's Bitcoin Fund launch came during peak enthusiasm for Bitcoin as prices approached $30,000, though Scaramucci's long-term conviction and educational efforts suggested the fund was positioned for sustained growth rather than just timing a market top. The $310 million in opening assets demonstrated substantial institutional interest in Bitcoin investment vehicles, and SkyBridge's entry into Bitcoin asset management added another respected traditional finance firm to the growing list of institutions offering cryptocurrency exposure.