A few days ago, the Anthony Scaramucci-owned SkyBridge Capital announced at its annual SALT Conference that it had filed an application for a crypto-related exchange-traded fund (ETF) to expand its offerings. This did not come alone, as the announcement also contained the plan to start an Algorand fund capped at $250 million.
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. As of press time, it is the 18th largest crypto asset by market cap and it is trading for $2.03.
Algorand fund for Scaramucci’s Skybridge
The founder of the firm, Anthony Scaramucci, who is also a former Whitehouse Communications Director, revealed in an interview with CNBC that $100 million had been raised for the recently announced Algorand Fund. He added that his firm’s investment in crypto is worth over $700 million, and it would still go further.
SkyBridge Capital became the latest firm to file a crypto-focused exchange-traded fund (ETF). The
Źródło: https://cryptoslate.com/scaramucci-raises-100-million-to-invest-in-algorand-algo-fund/
