SEC rejects Skybridge's application for spot Bitcoin ETF
The commission rejected a rule change allowing listing and trading shares of the First Trust SkyBridge Bitcoin ETF Trust, citing similar reasons for disapproving Bitcoin spot ETFs from VanEck in November and WisdomTree in December. The United States Securities and Exchange Commission, or SEC, has officially disapproved the application for First Trust SkyBridge’s spot Bitcoin exchange-traded fund after several deferments.In a Thursday filing, the SEC rejected a proposed rule change from the New York Stock Exchange, or NYSE, Arca to list and trade shares of the First Trust SkyBridge Bitcoin....
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Within the week, Skybridge Capital will reportedly file a spot bitcoin ETF application with the SEC again after being denied earlier this year.
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 application for SkyBridge Bitcoin Fund L.P. has been filed with the Securities and Exchange Commission. Anthony Scaramucci’s multi-billion-dollar hedge fund, SkyBridge Capital, has submitted a formal application with the United States securities regulator to launch a new Bitcoin (BTC) fund. The Form D for an exempt offering appeared on the Securities and Exchange Commission’s website on Monday. The proposal lists “SkyBridge Bitcoin Fund L.P.” as the issuer and “SkyBridge Bitcoin Fund GP LLC” as a related person.According to the document, the proposed fund is classified as a “hedge....
Skybridge Bitcoin Fund’s assets under management have risen to $310 million. Expecting the cryptocurrency to become a digital replacement for gold, the firm reportedly values bitcoin at $535,000. Skybridge also predicts that bitcoin’s price will reach $100,000 this year. Skybridge Invests $310 Million in Bitcoin New York-headquartered Skybridge Capital is a global investment manager that provides investment solutions to individuals and institutions. Skybridge announced the launch of its bitcoin fund to outside investors on Monday after launching with $25.3 million of its own....
Fidelity’s Wise Origin Bitcoin Trust and the First Trust SkyBridge Bitcoin ETF are now under review by regulators, according to paperwork filed earlier this month. A pair of Bitcoin (BTC) ETF applications submitted by Fidelity Investments and SkyBridge Capital are under official review by the United States Securities and Exchange Commission, or SEC, reigniting a long-standing debate about whether regulators will finally approve America’s first crypto-focused ETF.The SEC’s formal review of Fidelity Investments’ application was documented in a May 25 filing that appeared on the regulator’s....