Scaramucci’s SkyBridge Applies for BTC ETF

Skybridge Capital, the firm run by former White House communications director Anthony Scaramucci, has filed for a BTC ETF with the Securities and Exchange Commission (SEC).

ETFs, or exchange-traded funds, are investment vehicles that can be traded like stocks. They track the price of an underlying asset or group of assets. A BTC ETF would, therefore, track the price of BTC. In exchange for a fee, investors would get exposure to BTC prices without exposure to the risks of holding and storing BTC and private keys themselves.

The SEC has never approved an ETF.

This story is being developing and will be updated.

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