SkyBridge Capital, a global alternative investment firm, has launched a Bitcoin Fund that will enable accredited investors to gain exposure to the cryptocurrency. The fund will be managed by SkyBridge’s subsidiary, Guggenheim Digital Asset Management, and will invest in the Grayscale Bitcoin Trust (GBTC), an investment vehicle that provides exposure to bitcoin.
The minimum investment for the fund is $50,000, and investors will be able to redeem their shares on a quarterly basis. The fund will charge a 2% management fee and 20% performance fee.
NOTE: WARNING: Investing in cryptocurrency, such as the SkyBridge Capital Bitcoin Fund, can be extremely risky. Cryptocurrencies are highly volatile and can have a large impact on your finances if you make an incorrect investment decision. Before investing, it is important to do extensive research and consult a financial advisor. You should also ensure that you are comfortable with the associated risks.
SkyBridge Capital was founded in 2005 by Anthony Scaramucci, who served as the firm’s managing partner until he left to join the Trump administration in 2017. The firm has approximately $9.
4 billion in assets under management.
10 Related Question Answers Found
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Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.
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