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Scaramucci raises $100 million to invest in Algorand (ALGO) fund Scaramucci raises $100 million to invest in Algorand (ALGO) fund

Scaramucci raises $100 million to invest in Algorand (ALGO) fund

SkyBridge Capital has announced that it has secured $100 million for its Algorand fund.

Scaramucci raises $100 million to invest in Algorand (ALGO) fund

Cover art/illustration via CryptoSlate

Earlier this week, the Anthony Scaramucci-owned SkyBridge Capital announced at its annual SALT Conference that it had filed an application for a crypto-related exchange-traded fund (ETF) to expand its offerings.

This did not come alone, as the announcement also contained the plan to start an Algorand fund capped at $250 million.

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