Anthony Scaramucci: Everyone who talks about the spread of cryptocurrencies among institutions is being disingenuous
The vast majority of asset managers continue to have doubts about cryptocurrency investments, Anthony Scaramucci, a former White House adviser and founder of SkyBridge Capital, said in an interview with Bloomberg.
“Institutionals didn’t come,” he said. “Everyone who talks about institutional diffusion in this space is not completely honest, or they see something that I do not see.”.
At the same time, Scaramucci expects that one of the large banks, under pressure from the growing popularity of decentralized finance, “will buy Coinbase or something related to cryptocurrencies” and thus accelerate the transformation.
Scaramucci announced in mid-September that his company continues to ramp up investment in digital assets. At the same time, SkyBridge Capital disclosed an application for the launch of a new cryptocurrency ETF, after it submitted documents to create a Bitcoin ETF in May.
Official repair site Asic for mining cryptocurrencies in Russia.
“SkyBridge now has about $ 700 million in cryptocurrencies. We are launching a new fund based on Algorand. We limit the amount of funding to $ 250 million and have already raised $ 100 million, “he added.
CoinShares, meanwhile, has released a new report on institutional investments in cryptocurrency funds. Their volume over the last week amounted to $ 95 million. Positive inflows are observed for the sixth week in a row and during this time amounted to $ 320 million.
“The continued inflows suggest that the recent digital asset turmoil, such as the expansion of the ban in China, is viewed by investors as a buying opportunity,” CoinShares writes.
Bitcoin attracted the largest investment of $ 50 million. It is followed by Ethereum with $ 29 million. In terms of the amount of funds raised relative to the total assets in the respective funds, they continue to surpass Solana and Polkadot with $ 3.9 million and $ 2.4 million.