SkyBridge Capital launches new Bitcoin fund

posted 3 months ago
SkyBridge Capital, a leading global alternative investment firm, today announced the launch of the SkyBridge Bitcoin Fund LP, which provides mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin. Additionally, on behalf of its flagship funds, SkyBridge initiated a position, valued at approximately $310 million at the time of this release, in funds investing in Bitcoin during November and December 2020.

To launch SkyBridge Bitcoin Fund LP, SkyBridge and its affiliates have invested $25.3 million. SkyBridge is among the most well-established financial institutions to launch a Bitcoin product, offering a secure and easy way to buy and sell Bitcoin. Fidelity will serve as custodian, and Ernst & Young will audit the fund.
Tags: bitcoin, news