SkyBridge Capital, the multi billion-dollar hedge fund founded by former White House communications director Anthony Scaramucci, is gearing up to launch a Bitcoin (BTC) fund.
A filing with the U.S. Securities and Exchange Commission (SEC) signed by Skybridge Capital president Brett Messing lists SkyBridge Bitcoin Fund L.P. as the issuer of the proposed fund.
The document also names SkyBridge Bitcoin Fund GP LLC as the issuer’s general partner and SkyBridge Capital II, LLC as the manager of the issuer.
According to Form D for notice of exempt offering of securities, the fund will accept a minimum of $50,000 from accredited investors only. SkyBridge did not disclose the target size of the investment.
The document also reveals that SkyBridge Bitcoin Fund L.P. is classified under pooled investment fund interests with an indefinite total offering amount and an offering period that will last more than one year.
The filing comes weeks after SkyBridge informed the SEC of its interest in investing in cryptocurrencies. In a prospectus submitted to the SEC on November 13th, the global investment firm says it may invest in funds that provide exposure to digital assets.
“The Company and Investment Funds may also invest in securities of companies related, in whole or in part, to digital assets or digital asset technologies (including digital asset miners, payment technologies, digital security, or crypto trading exchanges), or that otherwise have direct or indirect exposure to emerging technologies.”
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxFollow us on Twitter, Facebook and Telegram
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/hxdyl
