What You Need to Know
- The SkyBridge Capital First Trust SkyBridge Crypto Industry and Digital Economy ETF would invest in companies heavily involved in the crypto industry.
- SkyBridge has a Bitcoin ETF filing pending before the agency.
- With its latest filing, it joins a growing number of firms proposing crypto-linked ETFs as they await the approval of a Bitcoin fund.
Anthony Scaramucci’s SkyBridge Capital has joined the growing number of investment firms filing registration statements with the Securities and Exchange Commission to offer an ETF that invests primarily in the stocks of companies heavily involved in the crypto industry while they await SEC approval for their Bitcoin ETF applications.
The agency has continually delayed action on the roughly dozen ETF applications pending before it, including Skybridge Capital’s.