The multi-billion-dollar hedge fund established by Anthony Scaramucci – SkyBridge Capital – has reportedly finalized the submission for a formal application with the US SEC, to roll out a new Bitcoin (BTC) fund. 

Specifically, The Form D dedicated to an exempt offering is reportedly visible on the webpage of the US SEC. The proposal put the name “SkyBridge Bitcoin Fund L.P.” as the issuing entity, and “SkyBridge Bitcoin Fund GP LLC” as a related person.

Per the document, the classification for the proposed fund is “hedge fund.” SkyBridge is reportedly not disclosing any particular details regarding the size of targeted investment, but the lowest price from any separate investor needs to be $50,000. 

The offering would reportedly occur under the SEC’s Reg. D exemption, consequently results in accredited investors having access to Skybridge’s proposed Bitcoin exclusively. 

The filing for the application was reportedly carried out approximately six weeks, following SkyBridge let the securities know about its plan for releasing a Bitcoin-associated hedge fund.

“Investment Funds may hold long and short positions in 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.” a prospectus from SkyBridge reportedly read. 

Institutional and corporate uptake of Bitcoin have reportedly established their reputation as one of the most noteworthy highlights of 2020, with  Paul Tudor Jones, Stanley Druckenmiller and Jim Camer displaying their support for Bitcoin.