Skybridge Capital Founder Scaramucci Predicts Massive Capital Inflow From Wall Street Into Spot Bitcoin ETFs
Skybridge Capital founder Anthony Scaramucci has predicted a substantial influx of capital from Wall Street into spot bitcoin exchange-traded funds (ETFs) once they are approved by the U.S. Securities and Exchange Commission (SEC). He highlighted the unleashing of salesforces from major institutions, anticipating over $100 billion flowing into bitcoin following spot bitcoin ETF approvals. Scaramucci on Market Impact of Spot Bitcoin ETFs Anthony Scaramucci, the founder of asset management firm Skybridge Capital, discussed his outlook on spot bitcoin exchange-traded funds (ETFs) in an interview on The Scoop, The Block’s podcast, on Thursday. “The not-so-secret reality of Wall Street is that products are sold and not bought. Imagine an army, a legion of people who are going to be selling,” he began, adding that they will be “giving the Mantra speech about bitcoin” to brokerage firms and financial advisor offices who will then tell their clients to put 1% in BTC . He described: These