NEW YORK, Jan. 4, 2021 /PRNewswire/ -- 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.

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"We believe Bitcoin is in its early innings as an exciting new asset class," said SkyBridge founder and managing partner Anthony Scaramucci. "With the institutional quality custody solutions available today, we believe the time is right to allocate capital and provide our clients access to the digital assets space."
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"Bitcoin is leading a digital monetary revolution around the world," said Brett Messing, SkyBridge President and Chief Operating Officer. "We believe the onus has shifted from 'why are you investing in Bitcoin?' to 'how are you not investing in Bitcoin?'"
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"Our investment team has grown enthusiastic about Bitcoin's properties as a portfolio diversifier and return generator," said Troy Gayeski, SkyBridge Co-Chief Investment Officer and Senior Portfolio Manager. "Investors trust us to see around corners, and we believe it's prudent now to allocate a small portion of your portfolio to digital assets."
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"With global money printing at an all-time high, Bitcoin offers a strong alternative to gold as a store of value and hedge against future inflation," said Ray Nolte, SkyBridge Co-Chief Investment Officer and Senior Partner.

The SkyBridge Bitcoin Fund LP will charge a 75-basis point management fee and no incentive fee. Accredited investors can subscribe directly to the fund, which requires a minimum investment of $50,000, at skybridgebitcoin.com.

Bitcoin is held in custody at Fidelity Digital Assets, a division of Fidelity Investments

Redemptions:  Quarterly with 30 days’ notice

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As for the redemption program, it is clear that Grayscale does not provide such a possibility - but what specifically happens if a SkyBridge client requests activation of such a program?

1. The client asks a redemption
2. The client returns the shares to SkyBridge
3. SkyBridge burns the shares, which control X Bitcoins
4. SkyBridge sells the X Bitcoin for Fiat
5. SkyBridge gives the sales proceeds to the client (bar a commission).

SkyBridge investment thesis reads more like a bitcoin love declaration! Can you imagine all the companies' boards discussing how to plan to put a % of their cash reserves into btc as we speak? Trust me, that is happening for quite a long time now 

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Anthony Scaramucci recently tweeted.

Very good news for SkyBridge! 👏

Janet Yellen, who is expected to lead the Treasury Department for the incoming Biden Administration, described cryptocurrencies as a "particular concern" when it comes to terrorist financing. “I think many [cryptocurrencies] are used, at least in a transaction sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels

President-elect Biden is expected to nominate Gary Gensler -- ex-banker and former CFTC chair -- to oversee the SEC later this month. What does that mean for us?
Apparently, it's being speculated that there will be a regulatory crackdown on exchanges. Gensler is known for pushing for investor protections and he has expressed the opinion in the past that exchanges like Coinbase should be regulated by the CFTC or SEC, rather than by the patchwork of state regulators currently overseeing them.

This is where the current bitcoin price is generated. Many did not understand why bitcoin rose in price so much in a short period of time, now all major investors are beginning to talk about it to the public. The domino effect has been launched for a long time, then the demand for bitcoin will grow even more, which will give rise to an increase in its price.