Skybridge Capital Anthony Scaramucci has filed an S-1 registration statement with the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). The prospectus for the First Trust Skybridge Bitcoin ETF Trust states that the ETF seeks to list common shares on the NYSE Arca.
Skybridge Capital requests listing for Bitcoin ETF
Skybridge Capital and its founder Anthony Scaramucci, and even more so after the successful launch of the Skybridge Capital Bitcoin Fund. In late February, Scaramucci said in an interview that he expected BTC to reach $100,000 this year. The 19th. In March 2021, Skybridge Capital filed an S-1 registration statement for a bitcoin exchange traded fund (ETF). Skybridge Capital will join the ranks of companies like Vaneck and Valkyrie Digital Assets seeking approval for the ETF.
The S-1 filing on Friday says the ETF will be called First Trust Skybridge Bitcoin ETF Trust, but the ticker it will use for leverage was left blank. Skybridge hopes to place common stock on the NYSE Arca, but notes that the trust has been reorganized. Due to a lack of history, Skybridge Bitcoin Trust common stock may trade at a discount to its net asset value (NAV). Scaramucci, the former White House communications director, also says the trust is an emerging growth company.
The trust is an emerging growth company, Skybridge Capital said in its registration statement. Because the term is used in the JOBS Act and as such may satisfy certain reduced reporting requirements, the filing adds ETF. The registration explains the risks of the Skybridge Bitcoin ETF Trust, which is a typical standard statement: Bitcoin is a new technological innovation with a limited history.
It is not certain that the use of bitcoin will continue to increase, Skybridge Capital said in an ETF statement. A decline in the use of bitcoin could result in increased volatility or a decline in the price of bitcoin, which could adversely affect the value of the Ordinary Shares.
Scaramucci room Tweet
In addition to this submission, Anthony Scaramucci was very outspoken about bitcoin on Twitter, suggesting that Elon Musk’s company, Spacex, had bitcoins (BTC) on its balance sheet. A speculative tweet from Scaramucci also addressed climate change and renewable energy. Elon Musk has not left Tesla, Scaramucci stressed on Twitter. My understanding is that Spacex has bitcoins on its balance sheet. Elon Musk has over $5 billion in bitcoins through Tesla, SpaceX and personally. No one in the world has done more to protect the planet from climate change, the founder of Skybridge Capital added.
Scaramucci continued:
Elon Musk’s idea of investing in a dirty factory is absurd. The future of bitcoin mining lies in renewable energy. Elon Musk sees the future as follows: 1) renewables replace fossil fuels; 2) bitcoin demonetizes gold, renewables, stocks and art, becoming the primary store of value. The answer to the energy fear is Elon Musk.
Scaramucci was also killed on the 19th. March interviewed and said more companies should hold government bonds in bitcoins. Skybridge Capital manages $600 million in bitcoin, and Scaramucci mentioned the possibility of Skybridge Ethereum investment products. The Skybridge founder also spoke about his prediction of a $100,000 price for BTC and said: I’ll keep it at $100,000, because if I say what I really think, they’ll think I’m crazy.
What do you think about Scaramucci-owned Skybridge Capital filing an SEC registration statement to list an ETF on the NYSE Arca? Let us know what you think in the comments below.
Tags in this story
100K, $600M in BTC, Anthony Scaramucci, balance sheets, bitcoin (BTC), BTC, Elon Musk, ETF, exchange traded fund, finance, Scaramucci, Skybridge bitcoin, Skybridge Bitcoin ETF, Skybridge Capital, Skybridge ethereum, SpaceX, Tesla, Treasuries, White House staffers
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