{"id":113102,"date":"2020-11-16T20:10:32","date_gmt":"2020-11-16T17:10:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/another-mainstream-company-is-seeking-approval-to-invest-in-crypto\/"},"modified":"2020-11-16T20:10:32","modified_gmt":"2020-11-16T17:10:32","slug":"another-mainstream-company-is-seeking-approval-to-invest-in-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/another-mainstream-company-is-seeking-approval-to-invest-in-crypto\/","title":{"rendered":"# Another mainstream company is seeking approval to invest in crypto"},"content":{"rendered":"

“# Another mainstream company is seeking app<\/a>roval to invest in crypto <\/strong>”
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Investment firm SkyBridge, founded by former Goldman Sachs’ vice-president Anthony Scaramucci, is one of the latest companies looking to invest in cryptocurrency.<\/p>\n

The company is putting together a hedge fund that includes Bitcoin investment, according to a United States Securities and Exchange Commission, or SEC, filing<\/a> from Friday. The prospectus detailed:<\/p>\n

\u201cThe Company may seek to gain investment exposure to certain Investment Funds or Investment Managers which may enter into derivative transactions, such as total return swaps, options and futures. Investments by the Company and\/or Investment Funds may also be made in companies providing technologies related to digital assets or other emerging technologies.\u201d<\/p><\/blockquote>\n

After more than a decade of progress, several mainstream companies and individuals have kicked off a small but notable trend of entrance into crypto investment, particularly Bitcoin. Billionaire Paul Tudor Jones piled into Bitcoin purchases earlier this year. He also recently described how early he feels the investment opportunity still is. <\/p>\n

Despite SkyBridge’s interest, it still requires approval from the SEC before moving forward. The Prospectus included:<\/p>\n

\u201cNeither the Securities and Exchange Commission (the \u2018SEC\u2019), the Commodity Futures Trading Commission (the \u2018CFTC\u2019) nor any other U.S. federal or state governmental agency or regulatory authority has approved or disapproved the merits of an investment in these securities or passed upon the accuracy or adequacy of this Prospectus.\u201d<\/p><\/blockquote>\n

The prospectus included a section describing \u201cdigital assets,\u201d in which it briefly explained their uses, risks, and other points of consideration. \u201cDigital assets have no intrinsic value other than as a method of exchange and are not based on a tangible commodity, security, contractual right or legal obligation,\u201d the document says. <\/p>\n

\u201cThe values of digital assets should not be expected to be connected or correlated to traditional economic or market forces, and the value of the investments of Investment Funds in digital assets could decline rapidly, including to zero,\u201d the prospectus said after pointing out the \u201ctremendous price volatility\u201d seen in cryptocurrencies against the norms shown in mainstream investments. <\/p>\n

Bitcoin has risen to significant heights in recent weeks, and currently sits a mere stone\u2019s throw away from its all-time high. <\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Another mainstream company is seeking approval to invest in crypto ” Investment firm SkyBridge, founded by former Goldman Sachs’ vice-president Anthony Scaramucci, is one of the latest companies looking to invest in cryptocurrency. The company is putting together a hedge fund that includes Bitcoin investment, according to a United States Securities and Exchange Commission,…<\/p>\n","protected":false},"author":1,"featured_media":113103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/1d3aa31d-ab7b-4c4b-ba23-e3a83efcd1d6.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,75720,74355,117,73711,65078,70934],"class_list":["post-113102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-investment","tag-adoption","tag-business","tag-investments","tag-mainstream","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/113102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=113102"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/113102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/113103"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=113102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=113102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=113102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}