Financial company SkyBridge Capital has filed applications with the us securities and exchange Commission (SEC) to be able to invest in bitcoin. Analyst Kevin Rook draws attention to this. SkyBridge operates on the model of a Fund of funds, that is, it invests in other funds.
"A company may seek to gain access to digital assets by investing in investment funds that provide access to digital assets. Investments of the company and / or investment funds may also be made in companies that provide technologies related to digital assets, or other emerging technologies," one of the applications says.
The firm also notes that investment funds can hold long and short positions on digital assets. "Digital assets (also known as 'virtual currencies', 'cryptocurrencies', 'coins' or 'tokens') are assets issued and/or transferred through technological innovations such as distributed Ledger or blockchain technology, including but not limited to bitcoin," she explains.
"Investment funds can invest in digital assets without restrictions on market capitalization or technological features, including less unknown or newly discovered digital assets called 'altcoins' and initial coin offerings (ICOS) that have historically been susceptible to fraud," she adds.
The applications were submitted on November 13 and 16 and do not include information about whether the company has made any investments in cryptocurrencies to date.
The amount of assets under management by SkyBridge Capital is estimated at $9.2 billion. It was founded by wall street financier Anthony Scaramucci. In 2017, he took the position of Director of public relations at the White house, but was removed from it just 10 days later by President Donald trump amid the scandal.
"An era is coming when everyone will want to own something that is less susceptible to manipulation by the authorities from the position of a means of accumulation," Scaramucci said earlier, commenting on the investment in bitcoin by billionaire Paul Tudor Jones.