Asset management firm Skybridge Capital has launched an ethereum fund, CEO Anthony Scaramucci has confirmed. He added that the asset manager will be filing for an ether exchange-traded fund (ETF).
- Skybridge Capital CEO Anthony Scaramucci revealed in the latest episode of The Scoop, published Tuesday, that his asset management firm has launched a private ethereum fund.
- “July 1st, we’re launching a private ethereum fund,” he said prior to the launch of the ether fund, adding:
We’ll then file for an ETF for ethereum. Again, it is anybody’s guess when those things will be going.
- He also revealed, “As we’re speaking, we’re making an announcement on an ETF for a digital innovation fund that has some great publicly traded assets that we think are geared, related to [ethereum], related to bitcoin, but also the other coins.”
- The company filed a registration statement for a bitcoin ETF with the U.S. Securities and Exchange Commission (SEC) in May.
- Scaramucci emphasized:
We have a full commitment to crypto.
- Skybridge launched a bitcoin fund in December last year with $25 million as the company expected an “avalanche of institutional investors.” The fund was open to the public in January with $310 million in assets under management. Last month, Scaramucci said that bitcoin still had more upside than gold.
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