Scaramucci’s SkyBridge Capital to Launch A Private Ether Fund and Filing for an Ethereum ETF
SkyBridge Capital chief executive Anthony Scaramucci is now moving beyond Bitcoin to the second largest cryptocurrency Ethereum.
Scaramucci confirmed in a podcast this week that his investment firm is launching a private Ethereum fund on July 1st. Additionally, he will also be filing for an Ether exchange-traded fund (ETF).
“July 1st […] we're launching a private ether fund, if you will, an ethereum fund. […] We'll file for an ETF for ethereum, again it's anybody's guess when those things will be going,” Scaramucci said in an episode of The Scoop podcast but didn’t reveal any further details about the listing or the launch.
Up until now, SkyBridge’s focus has been on the leading cryptocurrency, for which the firm filed for an ETF earlier this year and accumulated investment of about $500 million. The US Securities and Exchange Commission (SEC) has yet to approve a single Bitcoin or Ether ETF.
“If you had asked me back in May of last year ‘When are we going to have an ETF,' I would've thought it would have been by now,” said Scaramucci, a former White House official.
According to him, due to the US’s status as the leader of the global financial system, he thought the country would have been more receptive and responded faster and more positively to the rise of Bitcoin and other digital assets like decentralized finance (DeFi).
Scaramucci also said that SkyBridge would continue to grow its existing Bitcoin and crypto-related funds.