Scaramucci’s SkyBridge Capital to Launch A Private Ether Fund and Filing for an Ethereum ETF

Ethereum (ETH)Scaramucci’s SkyBridge Capital to Launch A Private Ether Fund and Filing for an Ethereum ETFSkyBridge Capital chief executive Anthony Scaramucci is now moving beyond Bitcoin to the second largest cryptocurrency Ethereum.Scaramucci confirmed in a podcast this week that his investment firm is launching a private Ethereum fund on July 1st. Additionally, he will also be filing for an Ether exchange-traded fund (ETF).“July 1st […] we’re launching a private ether fund, if you will, an ethereum fund. […] We’ll file for an ETF for ethereum, again it’s anybody’s guess when those things will be going,” Scaramucci said in an episode of The Scoop podcast but didn’t reveal any further details about the listing or the launch.SkyBridge Capital has also filed for and announced a digital innovation ETF on Tuesday that contains publicly traded assets linked to Bitcoin, Ether, and other cryptos.Up until now, SkyBridge’s focus has been on the leading cryptocurrency, for which the firm filed for an ETF earlier this year and accumulated investment of about $500 million. The US Securities and Exchange Commission (SEC) has yet to approve a single Bitcoin or Ether ETF.“If you had asked me back in May of last year ‘When are we going to have an ETF,’ I would’ve thought it would have been by now,” said Scaramucci, a former White House official.According to him, due to the US’s status as the leader of the global financial system, he thought the country would have been more receptive and responded faster and more positively to the rise of Bitcoin and other digital assets like decentralized finance (DeFi).Scaramucci also said that SkyBridge would continue to grow its existing Bitcoin and crypto-related funds.Ethereum/USD ETHUSD2,096.4534-$24.74-1.18%Volume 31.95 bChange -$24.74Open$2,096.4534Circulating 116.53 mMarket Cap 244.3 bAnTyAnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

Source link

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...