SkyBridge raises $100M for Algorand fund and files for crypto company
![SkyBridge raises $100M for Algorand fund and files for crypto company ETF](https://d1-invdn-com.investing.com/content/picd43e947c1bb55c818e15412584ed5647.jpg)
SkyBridge raises $100M for Algorand fund and files for crypto company ETF
Alternative investment firm SkyBridge Capital hopes to expand its crypto offerings, filing for a crypto-focused exchange-traded fund (ETF) on Tuesday and revealing plans for an Algorand fund at this week’s SALT conference in New York.
Speaking to CNBC, SkyBridge founder and former White House Communications Director Anthony Scaramucci said the firm had raised more than $100 million toward the newly announced Algorand fund. He added that the firm currently holds roughly $700 million worth of crypto assets.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: SkyBridge raises $100M for Algorand fund and files for crypto company