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More Institutional $ Flow into BTC

Published December 29th, 2020 by Hig

from coindesk.com 

SkyBridge Capital Has Already Invested $182M in Bitcoin

Anthony Scaramucci’s SkyBridge Capital investment firm has invested $182 million in bitcoin, according to an investor brochure shared with CoinDesk about its forthcoming bitcoin fund. 

The firm, which has $9.3 billion under management, is launching the SkyBridge Bitcoin Fund LP in January, according to Securities and Exchange Commission documents filed on Dec. 21, as CoinDesk reported

The bitcoin (BTC, +1.06%) fund has already invested $25 million in bitcoin, it announced in the brochure. The new fund will be open as of Jan. 4 to outside investors putting up at least $50,000. 

Read more: Scaramucci’s SkyBridge Invested $25M in New Bitcoin Fund

Scaramucci’s fund investment is yet another traditional investment firm jumping on the bitcoin bandwagon, a trend that has driven the crypto’s price well north $20,000 in recent weeks. 

SkyBridge: ‘Bitcoin is digital gold’


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