Summary: SkyBridge Capital, a well-known hedge fund company founded by Anthony Scaramucci, is applying to launch a new crypto fund called "First Trust SkyBridge Crypto Industry and Digital Economy ETF".  As the name suggests, the fund will not directly or indirectly contact cryptocurrencies such as Bitcoin and Ethereum. Instead, at least 80% of the net assets will be ...

SkyBridge Capital, a well-known hedge fund company founded by Anthony Scaramucci, is applying to launch a new crypto fund called "First Trust SkyBridge Crypto Industry and Digital Economy ETF". 

As the name suggests, the fund will not directly or indirectly contact cryptocurrencies such as Bitcoin and Ethereum. Instead, at least 80% of the net assets will be invested in companies in the crypto industry and digital economy companies, and the remaining part of the assets will be invested in companies in the financial industry and information technology industry. 

This is SkyBridge Capital's latest effort to launch crypto products, the company filed a revised prospectus for the Bitcoin ETF in May, and the SEC postponed its decision on the proposal in July.

By Mary Liu