Cryptocurrencies: 5,992
Markets: 545
Marketcap: $ 581.72 B
24h Vol: $ 114.70 B
BTC Dominance: 60.58%

Global market data

Cryptocurrencies: 5,992
Markets: 545
Marketcap: $ 581.72 B
24h Vol: $ 114.70 B
BTC Dominance: 60.58%

[THE BLOCK] Scaramucci’s SkyBridge Capital opens door to investing in firms with bitcoin exposure

The Block

A pair of filings for SkyBridge Capital — the investment firm founded by Anthony Scaramucci — indicates that the company is eyeing investments that give it some exposure to digital assets.

SkyBridge Capital is a so-called fund of funds, meaning it invests in other funds. As the filings note:

“The Company may seek exposure to digital assets (as defined herein) by investing in Investment Funds that provide exposure to digital assets. Investments by the Company and/or Investment Funds may also be made in companies providing technologies related to digital assets or other emerging technologies.”

As the filings later note: “Investment Funds may hold long and short positions in digital assets. Digital assets (also known as “virtual currencies,” “cryptocurrencies,” “coins” or “tokens” or similar terms) are assets that are issued and/or transferred using technological innovations such as distributed ledger or blockchain technology and include, but are not limited to, Bitcoin.”

The filings — dated November 13 and 16 — don’t contain any information on whether SkyBridge has moved to make any investments in this arena. The filing was first spotted by researcher Kevin Rooke.

During an appearance on The Block’s The Scoop podcast, Scaramucci — the firm’s founder and managing partner — spoke about the headline-generating comments from macro investor Paul Tudor Jones on bitcoin. 

“There is an era coming where everybody is going to want to own something that is less manipulated by the governments as it relates to a store of value,” Scaramucci said at the time.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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