{"id":207857,"date":"2021-03-22T10:46:45","date_gmt":"2021-03-22T07:46:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/skybridge-capital-latest-to-file-bitcoin-etf-application-with-us-sec\/"},"modified":"2021-03-22T10:46:45","modified_gmt":"2021-03-22T07:46:45","slug":"skybridge-capital-latest-to-file-bitcoin-etf-application-with-us-sec","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/skybridge-capital-latest-to-file-bitcoin-etf-application-with-us-sec\/","title":{"rendered":"# SkyBridge Capital latest to file Bitcoin ETF application with US SEC"},"content":{"rendered":"

“# SkyBridge Capital latest to file Bitcoin ETF app<\/a>lication with US SEC <\/strong>”
\n<\/p>\n

New York-based investment firm SkyBridge Capital has filed for a Bitcoin (BTC) exchange-traded fund, or ETF, with the United States Securities and Exchange Commission.<\/p>\n

SkyBridge submitted the\u00a0filing<\/a>\u00a0on March 19 in partnership with investment advisor First Trust Advisors. First Trust will act as the fund’s advisor and Skybridge serving as sub-advisor.<\/p>\n

The documents state the First Trust SkyBridge Bitcoin ETF will seek to list its shares on the New York Stock Exchange Arca. A ticker symbol is yet to be announced for the fund. <\/p>\n

The filing emphasizes the trust will offer a regulated way for investors to gain exposure to Bitcoin without needing to custody the digital asset, and allow investors to execute trades through their brokers.<\/p>\n

The First Trust SkyBridge ETF Trust is now one of several applications for a Bitcoin ETF that is currently awaiting a verdict from the SEC.<\/p>\n

On March 11, New York-based asset manager WisdomTree submitted its latest application for a Bitcoin ETF, following an attempt to get a fund approved that would hold up to 5% of its portfolio in Bitcoin futures despite being focused on energy and metals in mid-2020.<\/p>\n

Leading U.S. investment bank Morgan Stanley filed for a Bitcoin ETF in partnership with crypto-focused financial services firm NYDIG on Feb. 16. The proposed fund would be exclusively available to investors who hold at least $2 million in assets with the firm.<\/p>\n

In January, the SEC also received separate applications for Bitcoin ETFs from major exchange-traded product-issuer VanEck and Texas-based Valkyrie Digital assets.<\/p>\n

In the absence of an exchange-traded fund, the lack of regulated investment products offering exposure to the price of Bitcoin appears to be driving U.S.-based investors to speculate on the shares of prominent businesses operating in the digital asset sector.<\/p>\n

On March 22, Fundstrat\u2019s vice president of digital asset strategy, Leeor Shimron, revealed that shares in the four-largest publicly-traded Bitcoin mining firms had outperformed Bitcoin by 455% on average over the past 12 months. Commenting on the data to CNBC, Shimron, said<\/a>:<\/p>\n

\u201cUntil a Bitcoin ETF is approved, investors may view public mining companies as one of the only ways to get exposure to Bitcoin.\u201d<\/p><\/blockquote>\n