Scott Bessent to Divest Assets Before Trump Inauguration
- Scott Bessent, nominee for Treasury Secretary, plans to divest assets including BlackRock’s Bitcoin ETF (IBIT).
- Bessent’s IBIT stake is valued between $250,001 and $500,000.
- Bessent’s portfolio is worth approximately $521 million.
- He will resign from Key Square Group, a hedge fund he founded.
- BlackRock’s Bitcoin ETF manages over $50 billion in assets.
Billionaire Scott Bessent is preparing to divest various assets, including his BlackRock Bitcoin ETF stake valued between $250,001 and $500,000. This move aligns with federal ethics guidelines as he awaits confirmation as Treasury Secretary. His portfolio disclosure totals approximately $521 million.
