Hedge fund manager Scott Bessent is on track to liquidate his Bitcoin ETF holdings
by Bloomberg, hedge fund manager Scott Bessent, who was recently nominated to be the new Treasury secretary, will divest his Bitcoin ETF holdings.690 Million DOGE in 48 Hours After Elon Musk's Statement — What's Happening?
If confirmed by the Senate, the investor will part ways with Connecticut-based hedge fund Key Square Group, which he co-founded back in 2015.The incoming Treasury secretary has millions of dollars in SPDR S&P 500 ETF Trust , Invesco QQQ Trust and Invesco S&P 500 Equal Weight ETF , according to his personal financial disclosure.Bessent, who will replace current Treasury Secretary Janet Yellen, is viewed as a cryptocurrency-friendly pick.
During a July interview with Fox Business, Bessent said that crypto was about freedom, adding that the industry was here to stay. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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