New York-based global investment enterprise SkyBridge, which owns $9.3 B worth of capital, intends to launch a Bitcoin fund on January 4.
The organization submitted papers to the Securities and Exchange Commission on December 21.
As mentioned in an investor brochure, the total sum of SkyBridge's BTC stores is $182 M, $25 M of which was invested for the projected fund.
The founder of the company Anthony Scaramucci informed that the team had researched the BTC market for over two years and now is more comfortable with the digital currency. He mentioned he believes Bitcoin is a good store of value and that it will be a solid asset in the following decade.
In the publication, Bitcoin was referred to as a developing asset form that is now more secure than a few years ago. SkyBridge supposes more Registered Investment Advisors, insurance agents, retirement funds, and trading organizations will start to store digital asset funds sooner.