SkyBridge Crypto Fund Boosted Exposure by 150% in Q3

2021-12-1 14:08

Anthony Scaramucci’s SkyBridge capital has increased its crypto exposure by 150% in Q3 2021, according to an SEC filing. The increased exposure is indicative of the positive sentiment in the crypto market.

The digital assets exposure of SkyBridge’s Multi-Adviser Hedge Fund Portfolios, co-founded by Anthony Scaramucci, has increased by nearly 150% during Q3 2021. The total exposure now stands at $485 million, up by almost $300 million from the end of Q2 2021.

SkyBridge Capital has steadily been getting more involved in the crypto space and seems confident in its decision to move into the crypto asset class. The company made multiple moves in September 2021, suggesting that it’s in this for the long run.

SkyBridge filed a crypto-company ETF with the SEC, one of a slate of ETF applications that have taken place last quarter. The firm also announced an NFT platform called Flatter, shortly before announcing a $100 million fund called the Algorand Fund.

Perhaps the strong indication of the firm’s conviction in the crypto market comes from company executive Troy Gayeski. Gayeski said that fiat-alternative investors should look to bitcoin, referring to worrying fiscal policies and ballooning global debt.

Scaramucci himself believes that Americans should have bitcoin as part of their retirement plans. He has gone so far as to say that bitcoin will be the best performing asset of the coming decade. His advice is to accumulate the asset in “bite-size, digestible chunks.”

Institutional crypto investments look strong

SkyBridge’s decision to increase its exposure to bitcoin reflects the sentiment in the institutional market, which has seen inflows increase considerably in the past few months. There have been inflows for 15 weeks straight into digital assets products, with the last week of Nov. 2021 seeing a total of $306 million. This inflow has been occurring despite a dip in bitcoin prices from its recent all-time high of just over $69,000 earlier in Nov.

Bitcoin ETFs have been a large reason behind the growth in inflows. And with more ETF approvals expected in the months to come, that can only increase. Bitcoin spot ETFs, which have so far been denied, will have an even bigger impact as they directly track the price of the asset.

Experts have also weighed in on this growth of institutional investments. They note that there has been a noticeable shift in perception of the cryptocurrency asset class. However, some note potential consequences such as over-regulation and moat building.

The post SkyBridge Crypto Fund Boosted Exposure by 150% in Q3 appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

exposure crypto skybridge increased 150 fund filing

exposure crypto → Результатов: 126


The Future Advertising Giant SaTT Lists on Leading Cryptocurrency Exchange, HitBTC

After some heightened exposure and interest that rallied behind SaTT integration with Binance Smart Chain and its deployment and listing on PancakeSwap, the blockchain-based advertising project is on another streak of accomplishing yet another novel milestone that signals its token listing on HitBTC with BTC & USDT pairs, one of the leading global crypto exchange. […]

2021-3-24 08:17


Фото:

Bitwise Joins the $1 Billion Cryptocurrency Asset Club

Bitwise attributed the particularly strong growth to a pair of funds — the Bitwise 10 Crypto Index Fund and the Bitwise DeFi Crypto Index Fund. The DeFi index fund is the first of its kind. “Professional investors value index funds because they provide exposure while delivering peace of mind that the strategy will be managed … Continued The post Bitwise Joins the $1 Billion Cryptocurrency Asset Club appeared first on BeInCrypto.

2021-2-24 09:08


Фото:

Gate.io Launches the Observation Zone Feature to Protect Ordinary Investors

Gate.io, a high volume and global cryptocurrency exchange with over 3.5 million users, is launching a new feature called the Observation Zone for emerging crypto coins. In a press release on Jan 27, the exchange said the goal is to encourage rational investments by reducing investor exposure to risky digital assets. Vigilance to Minimize RisksRead More

2021-1-30 22:08


Фото:

Skybridge Capital Cofounder Says Gamestop Activity Is ‘More Proof That Bitcoin Will Work’

The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent dive into the crypto economy by gathering exposure to over $300 million worth of the cryptocurrency.

2021-1-29 19:00


Фото:

Vaneck Files for Crypto ETF That Gives Investors Exposure to Equity in Digital Asset Companies

The exchange-traded fund provider, Vaneck has filed for a Digital Asset ETF, which aims to hold equity in companies that generate revenue from cryptocurrency services. The latest ETF filing is different from the fund Vaneck applied for in mid-December, as it aims to bring investors exposure to the cryptocurrency industry. Last December, the asset manager, […]

2021-1-23 01:30


VanEck Files for Digital Asset ETF; Giving Investors Exposure to Crypto Companies

The global investment management firm VanEck has officially filed an application to form a ‘Digital Asset ETF' through the US' Securities and Exchange Commission (SEC). The application indicates that VanEck is looking to provide its institutional investors with easy means of investing in shares of companies that derive some or most of their value from […] The post VanEck Files for Digital Asset ETF; Giving Investors Exposure to Crypto Companies first appeared on BitcoinExchangeGuide.

2021-1-22 19:34


Фото:

Grayscale’s Michael Sonnenshein Says Institutional Investors ‘Looking for Broad Exposure’ as Company Raises $700 Million in One Day

Grayscale CEO Michael Sonnenshein says institutional investors are also exhibiting a growing interest in diversifying their investments by choosing other crypto assets besides bitcoin. Sonnenshein, who was recently appointed to the CEO position, made the comments just before the revelation that the company had raised more than $700 million in a single day. The asset […]

2021-1-19 17:15


Bitcoin Sell Side Liquidity Crisis in Effect; eToro to Suspend the Buy Orders Due to ‘Unprecedented Demand’

The firm might limit new crypto buy orders and set a temporary maximum crypto exposure to each client amidst the “increased demand for crypto.” The post Bitcoin Sell Side Liquidity Crisis in Effect; eToro to Suspend the Buy Orders Due to ‘Unprecedented Demand’ first appeared on BitcoinExchangeGuide.

2021-1-14 16:17


Revolut Adds ZRX, XTZ, OMG, and EOS to its Supported Crypto

Although users can gain exposure to crypto assets through Revolut, their utility remains limited. The digital currencies bought through the application are still locked to the platform. Revolut Users Demand Exposure to More Cryptocurrencies European Revolut users can now buy four new digital currencies through the financial services application.

2020-12-12 17:30