Skybridge Capital launched an Ethereum fund with a solitary investor committing $5.7 million to the vehicle in its first week, according to the document. Though, the investor is anonymous.
Skybridge Capital CEO Anthony Scaramucci’s investment firm offered this Second crypto-specific private fund. The firm also disclosed $46.7 million in sales to 170 investors. In January, the firm launched a $25 million Bitcoin Fund and planned to apply to SEC for an Ethereum ETF.
“First Trust SkyBridge Ethereum Fund L.P.” indicates SkyBridge’s partnership with First Trust. The partner firm is in its bid to land a bitcoin exchange-traded fund. The ETH fund takes $25k minimum investments and got its first and only sale on 1st July. The US SEC regulates the First Trust SkyBridge Ethereum Fund L.P. and is incorporated in the State of Delaware.
The company filed a registration statement for a bitcoin ETF with the U.S. SEC in May.
The private fund allows wealthy investors access to crypto price movement without thinking about custody, settlement, and trading.