{"id":8489,"date":"2022-06-22T15:50:28","date_gmt":"2022-06-22T15:50:28","guid":{"rendered":"http:\/\/ci02a45f5630002594"},"modified":"2022-06-22T15:50:28","modified_gmt":"2022-06-22T15:50:28","slug":"anthony-scaramuccis-skybridge-capital-filing-for-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/anthony-scaramuccis-skybridge-capital-filing-for-bitcoin-etf","title":{"rendered":"Anthony Scaramucci\u2019s Skybridge Capital To File For Spot Bitcoin ETF: Report"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>Anthony Scaramucci\u2019s Skybridge Capital plans to file for a <a href=\"https:\/\/bitcoinmagazine.com\/guides\/spot-bitcoin-etf\">spot bitcoin ETF<\/a> for a second time.<\/li>\n<li>Previously, the investment firm\u2019s application was denied earlier this year.<\/li>\n<li>The deadline for Grayscale\u2019s spot bitcoin ETF application decision is July 6th with a possible legal battle looming in the distance.<\/li>\n<\/ul>\n<p>Anthony Scaramucci, the former White House Director of Communications, is making another attempt to release a spot <a href=\"https:\/\/bitcoinmagazine.com\/guides\/what-is-a-bitcoin-etf\">bitcoin exchange-traded-fund (ETF)<\/a> through his investment firm Skybridge Capital, according to a report from <a href=\"https:\/\/news.bloomberglaw.com\/capital-markets\/skybridge-plans-to-file-again-for-spot-bitcoin-etf-this-week\" target=\"_blank\" rel=\"noopener\">Bloomberg Law<\/a>.<\/p>\n<p>The report indicated that Skybridge \u201cis planning to file again for permission to list a spot Bitcoin exchange-traded fund on the New York Stock Exchange.\u201d Reportedly, we could see the filing within the week. <\/p>\n<p>Previously, in March of 2021, the investment firm <a href=\"https:\/\/bitcoinmagazine.com\/markets\/skybridge-capital-files-for-bitcoin-etf\">filed<\/a> for regulatory approval with the Securities and Exchange Commission (SEC) to offer a spot bitcoin ETF. However, in January of this year the application was <a href=\"https:\/\/www.sec.gov\/rules\/sro\/nysearca\/2022\/34-94006.pdf\" target=\"_blank\" rel=\"noopener\">rejected<\/a> by the SEC which stated the firm stating Skybridge failed to adhere to expectations \u201cdesigned to prevent fraudulent and manipulative acts and practices,\u201d and \u201cto protect investors and the public interest.\u201d <\/p>\n<p>Similarly, Grayscale Bitcoin Trust <a href=\"https:\/\/bitcoinmagazine.com\/markets\/grayscale-announces-intention-to-convert-gbtc-to-etf\">announced<\/a> its intention to convert its fund into a spot bitcoin ETF in April of last year. That following October, the <a href=\"https:\/\/bitcoinmagazine.com\/business\/grayscale-files-to-convert-38-billion-bitcoin-trust-to-spot-etf\">filing<\/a> was submitted to the SEC. Nine months later, the application process \u2013 which on the SEC\u2019s website mentioned a standard turnaround time of less than two weeks \u2013 is still being stalled with a July 6th deadline. <\/p>\n<p>In fact, Grayscale has <a href=\"https:\/\/bitcoinmagazine.com\/markets\/sec-commissioner-the-regulatory-agency-should-stop-denying-spot-bitcoin-etfs\">hired<\/a> one of the top legal minds of the Obama administration in preparation for the SEC to deny its application. However, it\u2019s not only those looking to offer ETFs to the market who disagree with the foot-dragging of the SEC on this matter.<\/p>\n<p>Indeed, one of the SEC Commissioners Hester Pierce has also <a href=\"https:\/\/bitcoinmagazine.com\/markets\/sec-commissioner-the-regulatory-agency-should-stop-denying-spot-bitcoin-etfs\">noted<\/a> her dissent from the lack of direction being provided by the regulatory agency. While she believes that the SEC still has time to turn things around, the commissioner was not shy in saying \u201cThe Commission\u2019s resistance to a spot bitcoin ETP (exchange-traded-product)&nbsp;is becoming almost legendary.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Within the week, Skybridge Capital will reportedly file a spot bitcoin ETF application with the SEC again after being denied earlier this year.<\/p>\n","protected":false},"author":2785,"featured_media":8490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[2178,93,2177,135],"class_list":{"0":"post-8489","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-anthony-scaramucci","9":"tag-news","10":"tag-skybridge-capital","11":"tag-spot-bitcoin-etf"},"author_data":{"id":2785,"name":"Shawn Amick","nicename":"shawn-amick","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/fvzxlqkxeam33sn.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/8489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2785"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=8489"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/8489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/8490"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=8489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=8489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=8489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}