The Skybridge Bitcoin Fund: A Guide To Investing

SkyBridge Capital, a leading global alternative investment firm, launched the SkyBridge Bitcoin Fund LP in January 2021. The fund provides mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin. With a minimum investment of $50,000, accredited investors can subscribe directly to the fund, which carries a 75-basis point management fee. SkyBridge's Bitcoin investment has already climbed to more than $300 million, largely due to price appreciation. The firm believes that Bitcoin is an exciting new asset class and that it offers a strong alternative to gold as a store of value and hedge against future inflation.

SkyBridge Bitcoin Fund LP provides institutional-grade access to Bitcoin

The SkyBridge Bitcoin Fund LP offers investors institutional-quality custody and operation, without requiring them to directly hold Bitcoin. Fidelity serves as the custodian, while Ernst & Young audits the fund. This adds a layer of security and peace of mind for investors, especially given the concerns around the security of digital currencies.

The fund provides mass-affluent investors with exposure to Bitcoin, allowing them to diversify their portfolios and benefit from the potential returns of this asset class. SkyBridge's founder and managing partner, Anthony Scaramucci, believes that Bitcoin is an exciting new asset class that is still in its early stages. He also emphasizes the availability of institutional-quality custody solutions, making it the right time to allocate capital and provide clients with access to digital assets.

The SkyBridge Bitcoin Fund LP is part of SkyBridge's commitment to making alternative investments more accessible to a wider range of investors. The fund requires a minimum investment of $50,000 and charges a 75-basis point management fee with no incentive fee. Accredited investors can subscribe directly to the fund through skybridgebitcoin.com.

SkyBridge Bitcoin Fund LP has a minimum investment of $50,000

SkyBridge Bitcoin Fund LP is an institutional-grade fund that allows investors to gain exposure to Bitcoin. The fund is managed by SkyBridge Capital, a leading global alternative investment firm. The fund offers a secure and easy way to buy and sell Bitcoin, with Fidelity serving as the custodian and Ernst & Young as the auditor.

The minimum investment requirement for the SkyBridge Bitcoin Fund LP is $50,000. This fund is targeted towards accredited investors and provides a way for them to access institutional-quality custody and operations without directly holding Bitcoin. SkyBridge has a long-standing commitment to making alternative investments accessible to a wider range of investors.

The SkyBridge Bitcoin Fund LP was launched with an initial investment of $25.3 million by SkyBridge and its affiliates. The fund does not charge an incentive fee, but there is a 75-basis point management fee. Investors can subscribe directly to the fund on the SkyBridge website.

SkyBridge founder and managing partner, Anthony Scaramucci, has expressed his belief in Bitcoin as an emerging asset class, stating that the availability of institutional-quality custody solutions makes it an attractive investment opportunity. SkyBridge's entry into the Bitcoin market is significant, as it is one of the most well-established financial institutions to launch a Bitcoin product.

SkyBridge Bitcoin Fund LP has a 75-basis point management fee

SkyBridge Bitcoin Fund LP is an institutional-grade fund that allows investors to invest in Bitcoin. The fund is managed by SkyBridge Capital, a leading global alternative investment firm. The fund offers mass-affluent investors an institutional-grade vehicle to gain exposure to Bitcoin without directly holding it.

The SkyBridge Bitcoin Fund LP has a 75-basis point management fee, which is relatively low compared to other investment funds. This fee structure is designed to make the fund accessible to a wider range of investors. A 75-basis point fee means that investors will be charged 0.75% of their investment amount as a management fee. For example, if an investor puts $10,000 into the fund, they will be charged $75 as a management fee. This fee is typically calculated and deducted on a quarterly or annual basis, as outlined in the fund's prospectus. It is important to note that there is no incentive fee for the fund.

The management fee covers various services provided by SkyBridge Capital, including portfolio management, research, and due diligence. The fee also covers the operational costs of the fund, such as custody and audit services. Fidelity serves as the custodian for the SkyBridge Bitcoin Fund LP, while Ernst & Young is responsible for auditing the fund. These services ensure the security and proper management of investors' assets.

The management fee for the SkyBridge Bitcoin Fund LP is typically paid to the fund manager, SkyBridge Capital, on a periodic basis. The fee may be deducted directly from the investor's account or billed separately. It is important for investors to carefully review the fund's prospectus and fee structure before investing. The prospectus outlines the fee schedule, calculation methods, and any other applicable fees or charges associated with the fund.

By charging a 75-basis point management fee, SkyBridge Capital aims to provide investors with a cost-effective way to gain exposure to Bitcoin. This fee structure makes the fund more accessible to a broader range of investors, allowing them to benefit from the potential upside of investing in Bitcoin while minimizing fees. It is important for investors to carefully consider their investment objectives, conduct thorough research, and understand all associated fees before investing in any financial product, including the SkyBridge Bitcoin Fund LP.

SkyBridge Bitcoin Fund LP does not have an incentive fee

SkyBridge Bitcoin Fund LP is an institutional-grade fund that allows investors to invest in Bitcoin. The fund is offered by SkyBridge Capital, a leading global alternative investment firm.

The SkyBridge Bitcoin Fund LP has a unique fee structure compared to other investment funds. While many investment funds charge performance-based fees, also known as incentive fees, SkyBridge Bitcoin Fund LP does not. Instead, it charges a 75-basis point management fee with no incentive fee. This means that investors in the fund are not subject to additional fees based on the fund's performance.

The lack of an incentive fee is a significant feature of the SkyBridge Bitcoin Fund LP. Incentive fees are typically charged by investment funds as a percentage of the profits generated. These fees reward fund managers for strong performance and align their interests with those of investors. However, SkyBridge has chosen not to include an incentive fee in its Bitcoin fund.

The decision to forgo an incentive fee may be attractive to potential investors who want to avoid additional fees. It also sets SkyBridge Bitcoin Fund LP apart from other investment funds that often charge both management and incentive fees. This fee structure may contribute to the fund's accessibility, particularly for investors who want exposure to Bitcoin without the additional cost of incentive fees.

In summary, the SkyBridge Bitcoin Fund LP's fee structure includes a management fee but does not include an incentive fee. This sets it apart from other investment funds and may be a factor in its appeal to potential investors.

SkyBridge Bitcoin Fund LP is audited by Ernst & Young

The decision to engage Ernst & Young as the auditor for the SkyBridge Bitcoin Fund LP underscores SkyBridge's commitment to transparency and accountability. As a well-established financial institution, SkyBridge recognizes the importance of independent audits in maintaining the trust of its investors.

Ernst & Young brings a wealth of experience and expertise in the financial industry, including a deep understanding of the complex nature of cryptocurrency and blockchain technology. Their involvement provides an additional layer of assurance to investors, particularly those who are new to the digital asset space.

The audit process involves a thorough examination of the fund's financial records, internal controls, and risk management processes. Ernst & Young's professionals review the fund's financial statements, assess the accuracy of financial data, and evaluate the fund's compliance with applicable accounting principles and regulations.

The audit report produced by Ernst & Young provides valuable insights into the financial health, internal controls, and compliance of the SkyBridge Bitcoin Fund LP. It offers assurance to investors that the fund is being managed effectively, and financial information is presented accurately. The audit process also helps identify areas for improvement and enhances the overall credibility of the fund.

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