Former politician and famous fund manager Anthony Scaramucci announced his post-Bitcoin ETF strategy. Scaramucci says he is ‘gradually purchasing’ 2 altcoins alongside Bitcoin.
Anthony Scaramucci: I will be a ceremonial Bitcoin ETF buyer!
cryptokoin.comAs you follow from, the United States Securities and Exchange Commission (SEC) on Wednesday adopted rule changes that will allow the launch of Bitcoin ETFs in the United States. Anthony Scaramucci, founder and CEO of SkyBridge Capital, says this is a turning point for Bitcoin. In this context, Scaramucci explained his Bitcoin ETF strategy. First, he notes that he will purchase a US Bitcoin ETF now that it has received approval. Followers asked Scaramucci if he would buy a Bitcoin ETF. The famous fund manager responded to these questions by saying, “I will be, yes. “I will be a ceremonial recipient,” he replied.
We are gradually buying ETH, SOL and BTC!
The Skybridge Capital CEO also notes that the New York-based hedge fund is “phasing in” buying Bitcoin, Ethereum, and Solana. That’s why 2023 is unexpectedly seeing his best year yet, Scaramucci says. Additionally, Scaramucci expresses his bullish expectations for 2024. He predicts that Bitcoin will reach an all-time high by the end of the year. What’s more, he predicts it will likely surpass those levels by this time next year.
Bitcoin reached an all-time high of nearly $69,000 in November 2021. At the time of writing, BTC was trading at $46,576, up 0.42% on a daily basis, according to CoinMarketCap. The SEC’s decision has many analysts bullish. Because analysts think a new potential for big gains has emerged.
Bitcoin “is now in the public domain”
Meanwhile, Ark Invest President and COO Tom Staudt says Bitcoin is now a “public good” that all investors should have access to, as the company launches its first BTC exchange-traded fund. The new ETF from Cathie Wood’s Ark Invest and partner 21Shares will have a fee of 0.21%. This will make it one of the most affordable products in the newly created market.
ARK 21Shares BTC ETF, along with Bitwise BTC ETF, Fidelity Wise Origin BTC Trust, WisdomTree BTC Fund, Invesco Galaxy BTC ETF and Valkyrie Bitcoin Fund, make up the six products with no initial fees. Only Bitwise’s offering will be cheaper for investors, with fees starting from 0.2%.
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