The investment firm SkyBridge Capital has launched a private fund focused on acquiring the second-largest cryptocurrency by market capitalization. Its founder, Anthony Scaramucci, told The Block in an interview.
The firm also plans to file for the launch of an Ethereum-ETF with the U.S. Securities and Exchange Commission (SEC).
In March SkyBridge Capital, in partnership with First Trust Advisors, submitted to the regulator a filing to list a Bitcoin-based ETF. In May the regulator began reviewing it.
Earlier the SEC again postponed the review of VanEck’s Bitcoin-ETF filing. Previously the Commission issued a similar decision regarding Kryptoin Investment Advisor, as well as WisdomTree.
Bitcoin-ETF trading has currently been permitted by regulators in Canada and Brazil.
In January SkyBridge Capital launched a Bitcoin-focused fund. Its assets at launch were valued at $310 million.
In April, Scaramucci stated his sympathy for Ethereum. In March he noted that he was wholly focused on Bitcoin as the undisputed leader.
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