Skybridge Capital 100 million USD crypto fund to launch in February 2022

In a recent Reuters report, Skybridge Capital, an alternative investments firm, will launch a 100 million USD long only crypto fund in early February 2022. The SkyBridge Polycoin Fund's strategy will be based on fundamental analysis of a range of coins, and has $100mln of capital committed from new and existing investors

The SkyBridge Polycoin Fund's strategy will be based on fundamental analysis of a range of coins, and has $100 million of capital committed from new and existing investors.

"It will be pure crypto, fundamental analysis of the larger scale coins and their use cases," the source told reuters, adding that Feb. 1 is the preferred launch date.

Could this be the crypto fund that Scaramucci talked about on CNBC. Prior to this Scaramucci announced that Skybrdige would be launching a 100 million USD crypto fundout of the UAE.

In December 2021, Scaramucci told CNBC presenter that a 200 million crypto fund to be launched out of Abu Dhabi UAE. In the interview with CNBC, Anthony Scaramucci, Founder and Managing Partner at SkyBridge Capital announced that he will be launching a 200 million USD crypto fund out of Abu Dhabi UAE.

SkyBridge Capital’s exposure to crypto has increased significantly, with capital invested in crypto assets exceeding $ 1 billion.

He had stated at that time, that SkyBridge would be going to Abu Dhabi  to launch a $200 million cryptocurrency fund, that would have some components of private equity and some components of coins