hedge fund Anthony Scaramucci, founder of SkyBridge Capital He said they see tremendous growth potential in the crypto industry.
In an interview with Bloomberg ahead of the annual SkyBridge Alternatives Conference (SALT), Scaramucci said: crypto industry He stated that it represents tremendous growth for the company and that they want to convert the majority of assets under management (AUM) of the company into digital assets.
Company currently holding $3.5 billion in assets under management from the SEC Working to get approval for Bitcoin ETF.
Almost half of the company’s $3.5 billion under management Bitcoin (BTC), Algorand protocol (ALGO), Ethereum (ETH) and associated with crypto assets, including crypto-related stocks.
In order to keep up with the growing crypto money industry, Scaramucci continued his words as follows:
“We think the cryptocurrency industry is an opportunity. In this context, we feel so strongly about this opportunity that we have adapted and repositioned the firm to become a leading cryptocurrency asset manager and advisor.
Our turning point in the crypto money industry was the pandemic. Because during the pandemic, we made a decision that we had to reorganize our entire portfolio.”
SEC and Bitcoin ETF!
Stating that the rejection of the spot Bitcoin ETF application by the SEC is not a personal situation, Scaramucci said that the SEC also rejected similar applications, “I think we just applied at an early stage.” said.
“The SEC is concerned about market manipulation regarding the spot Bitcoin ETF, but I think over time they will get more comfortable with the transparency of the market.”
Scaramucci thinks the SEC will neither over-regulate nor under-regulate the cryptocurrency industry.
Grayscale’s ETF Application!
Anthony Scaramucci finally Grayscale’s Bitcoin ETF He said that if his application is not approved, they will not sign a possible lawsuit against the SEC.
“We will not sign this if a lawsuit is filed against the SEC because we are in the process of re-applying to the SEC on the Bitcoin ETF.
I think the SEC will eventually allow a spot Bitcoin ETF so we shouldn’t be so aggressive about the ETF.”