Share this article
Single Buyer Apes Into Mooch's ETH Fund for $5.7M, Docs Show
Anthony Scaramucci’s SkyBridge Capital has launched its second crypto-specific private fund. One buyer has committed funds so far.
By Danny Nelson
Updated May 9, 2023, 3:21 a.m. Published Jul 9, 2021, 7:12 p.m.
Make us preferred on Google
SkyBridge Capital’s Ethereum fund has officially launched with a solitary investor committing $5.7 million to the vehicle in its first week, new regulatory documents show.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
It is now the second crypto-specific private fund offered by Anthony Scaramucci’s investment firm. The other, a bitcoin vehicle, disclosed $46.7 million in sales to 170 investors on Friday.
Scaramucci previewed the fund’s existence on a recent podcast by The Block but declined at the time to elaborate. The new documents reviewed by CoinDesk add some detail.
The fund, named First Trust SkyBridge Ethereum Fund L.P., indicates SkyBridge is deepening its relationship with First Trust, the partner firm in its bid to land a bitcoin exchange-traded fund. The ETH fund takes $25,000 minimum investments and notched its first and only sale on July 1.
Private funds allow wealthy investors access to crypto price movement without having to think about issues like custody, settlement and trading.
It is not clear who the one investor is, but Scaramucci has seeded similar vehicles with his firm’s cash. His office did not immediately comment on the filing. First Trust did not immediately respond either.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
How the ultra-wealthy are using bitcoin to fund their yacht upgrades and Cannes trips
Cometh founder Jerome de Tychey is applying DeFi lending and borrowing on platforms like Aave, Morpho, and Uniswap to structures that help the ultra-wealthy secure loans against their massive crypto fortunes.
What to know:
- Wealthy investors who hold much of their fortune in crypto are increasingly turning to decentralized finance platforms to secure flexible credit lines without selling their digital assets.
- Firms like Cometh help family offices and other rich clients navigate complex DeFi tools, using assets such as bitcoin, ether and stablecoins to replicate traditional Lombard-style collateralized loans.
- DeFi loans can be faster and more anonymous than traditional bank credit but carry volatility and liquidation risks, and Cometh is also experimenting with applying DeFi strategies to traditional securities via ISIN-based tokenization.
Top Stories
