Bitcoin ETF

<ul class="news-points"> 
 <li><strong>The SEC has ordered SkyBridge Capital to withdraw its Bitcoin ETF, First Trust SkyBridge Bitcoin ETF Trust.</strong></li> 
 <li><strong>The regulators mark the firm as failing to make timely amendments to the application.</strong></li> 
 <li><strong>Eric Balchunas asserts that if the SEC approved the application, the ETF would have contributed to a 15% hike in inflow.</strong></li> 
</ul> 
<p>The <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a> has ordered the capital investment management company SkyBridge Capital to withdraw their Bitcoin ETF, First Trust SkyBridge Bitcoin ETF Trust. In a recent X post, ICO Drops revealed the SEC’s move to abandon SkyBridge Capital’s Bitcoin ETF.</p> 
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   <p lang="en" dir="ltr">The SEC is ordering (in all caps) First Trust SkyBridge Bitcoin ETF to declare their filing "abandoned".<a href="https://t.co/yI3iiM9ZQK" target="_blank" rel="nofollow">https://t.co/yI3iiM9ZQK</a> <a href="https://t.co/mxFIhjXxwZ" target="_blank" rel="nofollow">pic.twitter.com/mxFIhjXxwZ</a></p>— ICO Drops (@ICODrops) <a href="https://twitter.com/ICODrops/status/1767773716941770927?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 13, 2024</a>
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<p>According to the filing, SkyBridge’s Bitcoin ETF registration has been on file for over nine months and hasn’t become effective yet. Pointing out the firm’s failure to make timely amendments, the SEC ordered that “the registration statement be declared abandoned on March 12, 2024.” The filing added,</p> 
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 <p>First Trust SkyBridge Bitcoin ETF Trust has failed to resp…</p>
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<p>The post <a href="https://coinedition.com/sec-orders-skybridge-capital-to-withdraw-its-bitcoin-etf-application/">SEC Orders SkyBridge Capital to Withdraw Its Bitcoin ETF Application</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

SEC Orders SkyBridge Capital to Withdraw Its Bitcoin ETF Application

Coin Edition

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