coindesk.com
SkyBridge Capital, the investment firm founded by Anthony Scaramucci, filed for a crypto exchange-traded fund (ETF) Tuesday, aiming to “provide investors with capital appreciation.”
According to a filing to the Securities and Exchange Commission, the “First Trust SkyBridge Crypto Industry and Digital Economy ETF” is seeking to list and trade its shares on the NYSE Arca exchange.
The latest crypto ETF from SkyBridge follows its bitcoin ETF filed in May. The SEC extended its review of the firm’s application July and again in August. SkyBridge’s bitcoin ETF application, like so many others including Valkyrie’s, remains in limbo until SEC Chairman Gary Gensler and other regulators deem them fit for market.
Additionally, Scaramucci announced an Algorand fund during the star-studded hedge fund conference “SALT,” which included the likes of Ray Dalio, Steven Cohen and Mike Novogratz. Scaramucci founded SALT in 2009.
“SkyBridge now has about $700 million in crypto,” Scaramucci said in an interview with CNBC Wednesday. “We’re starting an Alogrand fund ... we’re capping that fund at $250 million, we’ve already got $100 million raised for that fund.”
Read more: Scaramucci’s SkyBridge Capital Launches NFT Platform at SALT 2021
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