Anthony Scaramucci’s Skybridge Capital filed an S-1 registration form with the Securities and Exchange Commission (SEC) for a bitcoin exchange traded fund (ETF). The prospectus of the “First Trust Skybridge Bitcoin ETF Trust” notes that the ETF aims to list common shares on the NYSE Arca.
Skybridge Capital Files to list a Bitcoin ETF
Skybridge Capital and its founder Anthony Scaramucci have been fully dedicated to bitcoin (BTC) today and even more so after the successful launch of the Skybridge Capital Bitcoin Fund. In late February, Scaramucci said in an interview that he expects $ 100,000 BTC prices this year. On March 19, 2021, Skybridge Capital submitted an S-1 registration prospectus for a bitcoin traded fund (ETF). Skybridge Capital will be among several companies, such as Vaneck and Valkyrie Digital Assets, that are seeking approval for their ETFs.
The S-1 record filed on Friday notes that the ETF will be dubbed “First Trust Skybridge Bitcoin ETF Trust”, but the ticker it will leverage has been left blank. Skybridge expects to list common shares on the NYSE Arca, but notes that the fund is “newly organized”. As there is no previous history, Skybridge’s bitcoin trust common shares can be traded at a discount of their net asset value (“NAV”). The company of former White House communications director Scaramucci also says the trust is an “emerging growth company”.
“The trust is an ’emerging growth company’,” says Skybridge Capital’s application for registration. “As this term is used in the Jumpstart Our Business Startups Act (the” JOBS Act “) and, as such, you can choose to comply with certain reduced reporting requirements,” adds the ETF filing. The record explains the risks involved with the “Skybridge Bitcoin ETF Trust”, which are typical standard statements like: “Bitcoin is a new technological innovation with a limited history.”
“There is no guarantee that bitcoin usage will continue to grow,” notes the Skybridge Capital ETF document. “A contraction in the use of bitcoin can result in increased volatility or a reduction in the price of bitcoin, which can adversely impact the value of common shares.”
Tweet Scaramucci’s Spacex
In addition to the lawsuit, Anthony Scaramucci has argued a lot about bitcoin on Twitter and speculated that Elon Musk’s company, Spacex, has bitcoin (BTC) on its balance sheet. THE speculative tweet de Scaramucci was also focused on the topic of climate change and renewable energy. “Elon Musk didn’t stop with Tesla,” Scaramucci insisted on a tweet. “I understand that Spacex has bitcoin on its balance sheet. Elon Musk owns more than $ 5 billion in bitcoins via Tesla, SpaceX and personally. No living person has done more to protect the planet from climate change, ”added the founder of Skybridge Capital.
Scaramucci continuous:
[The] idea that Elon Musk would invest in [a] “Dirty asset” is absurd. [The] The future of bitcoin mining is renewable energy. Elon Musk sees the future 1) renewable energies replace fossil fuels 2) bitcoin demonetizes gold, RE, stocks and art + becomes [the] dominant reserve of value. [The] The answer to FUD energy is Elon Musk.
Scaramucci also gave an interview on March 19 and explained that more companies should have bitcoin treasures. Skybridge Capital manages $ 600 million in bitcoin and Scaramucci discussed the possibility of Skybridge ethereum investment products as well. The Skybridge founder further addressed his $ 100,000 BTC price forecast and said, “I’m going to keep $ 100,000 because if I tell people what I really think … they’ll think I’m crazy.”
What do you think of Scaramucci’s request for Skybridge Capital to list an ETF on the NYSE Ark in a SEC filing prospectus? Let us know what you think about this subject in the comments section below.
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