SEC Receives New Bitcoin ETF Application
Main page News, Bitcoin-ETF

SkyBridge Capital, a New York-based investment company, has just filed with the US Securities and Exchange Commission (SEC) an application to launch a BTC ETF.

In particular, the company filed with the SEC on March 19 together with investment advisor First Trust Advisors an application to launch a Bitcoin exchange-traded fund (ETF).

First Trust will reportedly act as the fund's advisor, while Skybridge will be the fund's sub-advisor.

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According to the application, both companies plan to list the ETF, dubbed First Trust SkyBridge Bitcoin ETF, on the New York Stock Exchange Arca. However, the ticker under which it would be listed is still unknown.

The ETF will give investors exposure to Bitcoin indirectly, as they will not have to custody the digital asset.

The SEC is studying several applications for Bitcoin ETFs filed by other companies before. At the moment, the regulator has not yet approved any of the applications it has received.

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