SkyBridge Capital Files For Bitcoin ETF

In the latest within a growing trend, SkyBridge Capital has filed for regulatory approval with the U.S. Securities and Exchange Commission (SEC) to offer a bitcoin exchange-traded fund (ETF).

In an S-1 filing dated on March 19, the firm. run by former White House communications director and recent bitcoin convert Anthony Scaramucci, applied to be to offer the product to be called The First Trust SkyBridge Bitcoin ETF Trust.

According to the filing, the investment objective of the trust is “to reflect the performance of bitcoin less [its] liabilities and expenses.” It would seek to hold as close to 100 percent of its net assets in bitcoin as possible.

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