Anthony Scaramucci’s Skybridge Capital has filed an S-1 registration form with the Securities and Exchange Commission (SEC) for a bitcoin exchange-traded fund (ETF). The prospectus for the “First Trust Skybridge Bitcoin ETF Trust” notes that the ETF aims to list common shares on NYSE Arca.
Skybridge Capital Files to List a Bitcoin ETF
Skybridge Capital and its founder Anthony Scaramucci have been all about bitcoin (BTC) these days and even more so after the company’s successful launch of the Skybridge Capital Bitcoin Fund. At the end of February, Scaramucci said in an interview that he expects $100k BTC prices this year. On March 19, 2021, Skybridge Capital filed an S-1 registration prospectus for a bitcoin exchange-traded fund (ETF). Skybridge Capital will be among a number of firms such as Vaneck and Valkyrie Digital Assets looking to get their ETFs approved.
The S-1 registration filed on Friday notes that the ETF will be dubbed the “First Trust Skybridge Bitcoin ETF Trust” but the ticker it will leverage has been left blank. Skybridge is hoping to list common shares on NYSE Arca but notes that the trust is “newly organized.” Because there is no prior history, common shares of the Skybridge bitcoin trust may trade a discount from their net asset value (“NAV”). The former White House communications director Scaramucci’s company also says that the trust is an “emerging growth company.”
“The trust is an ‘emerging growth company,’” the Skybridge Capital registration filing says. “As that term is used in the …
Story continues on Bitcoin.com

Related posts
Bitcoinbitcoin currencybitcoin regulationBitcoin.comCrypto regulationdb bitcoinDeutsche Bankdeutsche bank bitcoindeutsche bank cryptodeutsche bank cryptocurrencyMarkets and Pricestinkerbell effect

Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore

Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation. In addition, the bank says that governments and central banks…
Bitcoin.combridgewater associatesbridgewater associates bitcoincapital controlfund managerGovernmentgovernment prohibitionRay DalioRay Dalio bitcoinregulationrestrictionsTaxation

Bridgewater’s Ray Dalio Warns Government Could Restrict Bitcoin Investments, Impose ‘Shocking’ Taxes

The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has warned that the government could “impose prohibitions against capital movements” into assets such as bitcoin. He added that regulators may also impose changes in…
Aria DiMezzoArrestedBitcoin exchangeBitcoin.comcrypto exchangeFBIFree Keenefree keene membersIan FreemanNew HampshireNobodyregulation

FBI Arrests 6 Free Keene Members Operating Cryptocurrency Exchange

Six people involved with the Free Keene movement have been arrested and charged for allegedly operating an illegal cryptocurrency exchange business. “They operated their virtual currency exchange business using websites, as well as operating virtual currency ATM machines in New…