Investment company SkyBridge – established by the ex-VP of Goldman Sachs Anthony Scaramucci – has reportedly joined the trend of crypto investment. 

Specifically, the company is reportedly building on a hedge fund that will cover Bitcoin (BTC) investment, as disclosed by the US SEC. 

“The Company may seek to gain investment exposure to certain Investment Funds or Investment Managers which may enter into derivative transactions, such as total return swaps, options and futures. Investments by the Company and/or Investment Funds may also be made in companies providing technologies related to digital assets or other emerging technologies.”

After ten years in the development process, numerous mainstream firms and individuals have initiated a small but attention-drawing trend of setting their foot into crypto investment, specifically Bitcoin. 

Billionaire Paul Tudor has reportedly invested a substantial amount of his fund on purchasing Bitcoin in the start of 2020. He further provided his explanation, how early he feels the investment opportunity still is.

Although SkyBridge expressed their interest, it’s still pending a regulatory greenlight from the SEC before moving onto the next step. 

“Neither the Securities and Exchange Commission (the ‘SEC’), the Commodity Futures Trading Commission (the ‘CFTC’) nor any other U.S. federal or state governmental agency or regulatory authority has approved or disapproved the merits of an investment in these securities or passed upon the accuracy or adequacy of this Prospectus.”

The prospectus reportedly comes with a part defining “digital assets”, where a brief explanation is provided.