Investment advisory firm First Trust Advisors and hedge fund SkyBridge Capital, led by former White House communications director Anthony Scaramucci, have filed an application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).
Per the filing, the fund is dubbed “First Trust SkyBridge Bitcoin ETF Trust.” First Trust Advisors is expected to act as a consultant and SkyBridge will become a sub-advisor. The companies plan to list the fund’s shares on the New York Stock Exchange’s Arca platform.
An ETF is a special type of security that tracks the price of a certain asset (or a basket of them) and can be traded on traditional exchanges. ETFs allow a wide range of investors to get exposure to these underlying assets—Bitcoin, in this case—without actually holding them.
Currently, SkyBridge already operates a $370 million Bitcoin Fund that is available to accredited investors, with a minimum contribution of $50,000. Shares of this fund are re
Źródło: https://cryptoslate.com/first-trust-advisors-and-skybridge-capital-apply-for-bitcoin-etf/
