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Investors haven’t been able to get their money out of Anthony Scaramucci’s crypto fund. As of Thursday, Bloomberg reports that over two-thirds of the shareholders of his $1.6 billion crypto fund had filed for redemption of their shares — and were still waiting to get their money out. Private wealth clients at Morgan Stanley made a large number of those redemption requests. His fund delivered flat performance from April 1, 2019, through March 31, 2024. Over that same five-year period, bitcoin rallied 10X. So, how is it possible for SkyBridge to have delivered near-zero annualized returns for five years while bitcoin returned 60% ? FTX invested in SkyBridge; SkyBridge bought FTX’s token Scaramucci was heavily invested in Sam Bankman-Fried’s empire through its final week in business. In a quintessentially Bankman-Fried quid pro quo, FTX Ventures invested in SkyBridge and sponsored Scaramucci ’s SALT conference. To draw that full circle, SkyBridge bought millions of dollars ...

$1.3 trillion asset manager Morgan Stanley is reportedly looking into adding a Spot Bitcoin ETF to its brokerage platform. Indeed, the firm is considering the possibility of adding the investment vehicle to its broker-dealer offerings, according to a recent CoinDesk report. The sources say that the investment bank has been exploring the idea since the US Securities and Exchange Commission (SEC) first approved the products in January. Since then, the fund shave proven tremendously successful, with 9 of those approved ETFs breaking the all-time daily volume record, according to Bloomberg’s Erich Balchunas. JUST IN: $1.3 trillion asset manager Morgan Stanley is now considering offering spot #Bitcoin ETFs to customers. — Watcher.Guru (@WatcherGuru) February 28, 2024 Also Read: Analysts Predict Bitcoin ETFs to Gold ETFs In AUM in Less Than 2 Years  Morgan Stanley May Get In On Spot Bitcoin ETF Success Since the start of 2024, the digital asset industry has ...