Bitcoin

<ul><li>The SEC officially declared the First Trust SkyBridge Bitcoin ETF registration statement as abandoned due to inactivity after nine months.</li><li>Despite previous setbacks and the approval of competitors like BlackRock, First Trust, and SkyBridge did not reapply for ETF registration.</li><li>Bloomberg analyst expects the asset managers to “Jump in late.”</li></ul>The United States Securities and Exchange Commission (SEC) has recently declared the First Trust SkyBridge Bitcoin ETF registration statement &#34;abandoned.&#34; The decision was made public through a screenshot shared by Eric Balchunas, a senior Bloomberg ETF analyst, indicating that on March 12, 2024, the SEC had officially ordered the abandonment.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3ffc12a12b1b41faa26694c6d24cdb0c.png" />The registration statement, <a href="https://www.sec.gov/Archives/edgar/data/1852143/000144554621001542/skybridge_s1.htm" rel="noopener noreferrer nofollow">jointly filed</a> by First Trust and SkyBridge under Section 6(a) of the Securities Act of 1933, failed to become effective after nine months of consideration. The SEC had notified First Trust and SkyBridge of the potential for abandonment if no further action was taken to amend or withdraw the filing but received no response.<a href="https://cryptotale.org/sec-abandons-first-trust-skybridge-bitcoin-etf-analyst-sees-potential-late-entry/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

SEC Abandons First Trust SkyBridge Bitcoin ETF, Analyst Sees Potential Late Entry

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