SkyBridge’s bitcoin (EXANTE: Bitcoin) fund called SkyBridge Bitcoin Fund LP has put $310 million of investments in the cryptocurrency.
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In a press release, SkyBridge Founder and Managing Partner, Anthony Scaramucci, said that the current institutional quality custody solutions indicate that the time "is right to allocate capital and provide our clients access to the digital assets space."
"We believe Bitcoin is in its early innings as an exciting new asset class," he added.
The new fund is focused on longtime commitment to making alternative investment accessible to wider audiences, the press release states.
The company recently said that the risk level of BTC as an investment asset decreased over the past few years, and the dynamic of supply and demand in its market deserve attention.
iHodl earlier reported that asset manager VanEck refiled to the US Securities and Exchange Commission (SEC) an application to launch a Bitcoin-ETF.
The decision comes more than a year after the company withdrew its last application (September 2019).
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