Anthony Scaramucci’s Skybridge Capital has filed an S-1 registration form with the Securities and Exchange Commission (SEC) to apply for the Bitcoin Exchange Traded Fund (ETF). The prospectus of the “First Trust Skybridge Bitcoin ETF Trust” states that the ETF aims to list common stock on the New York Stock Exchange Arca.
Skybridge Capital documents list Bitcoin ETFs
Today, Skybridge Capital and its founder, Anthony Scaramucci, have been paying attention to Bitcoin (BTC), especially after the company’s successful launch of the Skybridge Capital Bitcoin Fund. Scaramucci said in an interview at the end of February that he expected the price of BTC to reach $100,000 this year. On March 19, 2021, Skybridge Capital submitted an S-1 registration prospectus for the Bitcoin Exchange Traded Fund (ETF). Skybridge Capital will become one of many companies seeking ETF approval, such as Vaneck and Valkyrie Digital Assets.
The S-1 registration filed on Friday indicated that the ETF will be referred to as the “First Trust Skybridge Bitcoin ETF Trust”, but the stock code it will use is left blank. Skybridge hopes to list common stock on the New York Stock Exchange Arca, but noted that the trust is “newly formed.” As there is no previous historical record, the common stock of Skybridge Bitcoin Trust may be discounted from its net asset value (“NAV”). The company of Scaramucci, former communications director of the White House, also stated that the trust is an “emerging growth company.”
The Skybridge Capital registration document states: “The trust is an’emerging growth company’.” The ETF document added: “This term is used in the Jumpstart Our Business Startup Act (“JOBS Act”), so you can choose to comply with certain reductions. Reporting requirements.” The registration explains the risks involved in the “Skybridge Bitcoin ETF Trust”, which is a typical standard statement, for example: “Bitcoin is a new technological innovation with a limited history.”
Skybridge Capital’s ETF document states: “There is no guarantee that the use of Bitcoin will continue to grow.” “The contraction in the use of Bitcoin may lead to increased volatility or a decrease in the price of Bitcoin, which may adversely affect the value of common stock.”
Spacex Tweet by Scaramucci
In addition to the documents, Anthony Scaramucci also discussed a lot of Bitcoin on Twitter and speculated that Elon Musk’s company Spacex has Bitcoin (BTC) on its balance sheet .This Speculative tweet The author from Scaramucci also focuses on the subject of climate change and renewable energy. “Elon Musk did not stop Tesla,” Scaramucci insisted in a tweet. “I learned that Spacex owns Bitcoin on the balance sheet. Elon Musk holds more than $5 billion in Bitcoin through Tesla, SpaceX and personally. The founder of Tianqiao Capital added That said, no one alive has done more to protect the planet from climate change.
Scaramucci carry on:
[The] Elon Musk’s idea of investing [a] “Dirty assets” are absurd. [The] The future of Bitcoin mining is renewable energy. Elon Musk sees the future 1) Renewable energy replaces fossil fuels 2) Bitcoin monetizes gold, renewable energy, stocks and art + [the] The main store of value. [The] The answer to energy FUD is Elon Musk.
Scaramucci also gave an interview on March 19 and explained that more companies should hold Bitcoin Treasury bonds. Skybridge Capital manages $600 million in Bitcoin, and Scaramucci also discussed the possibility of Skybridge Ethereum investment products. The founder of Skybridge further talked about his $100,000 BTC price prediction and said: “I insist on $100,000 because if I tell others what I really think… they will think I am crazy.”
What do you think of Scaramucci’s Skybridge Capital application for listing ETF on the New York Stock Exchange Arca in the SEC registration prospectus? Let us know your thoughts on this topic in the comments section below.
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