VVIP-backed ETF arrives! The ETF aims to list investment company Skybridge Capital, White House Communications Director Anthony Scaramuchi’s Bitcoin, and Securities and Exchange Commission (SEC).
Is Skybridge Ready?
Currently, Skybridge has already managed $370 million in Bitcoin funds, with a minimum of $50,000 to licensed investors. Part of the fund may be released every quarter. However, the Associate Degree ETF will not be subject to such restrictions.
The founding father of Skybridge must have been associated with the king of Cryptos. He even expected $100,000 BTC, adding:
“I’ve projected with a hundred thousand dollars, if I’m guessing what I’m telling people… they think I’m crazy, which is the identity of a fool.”
In the same vein, Scaramucci gave an associate degree interview to St. Joseph, explaining that many organizations are expected to carry many of their assets on Bitcoin. And that’s not enough because the Eastern White House also talked about the opportunity to provide investment materials in Ether for Skybridge.
Can a Bitcoin ETF Be Anticipated?
Over the past few years, many organizations such as WisdomTree, NYDIG, Valkyrie, and VanEck have applied for Bitcoin ETFs, yet the SEC has systematically rejected them. The flow of candidates is partly due to a change in the SEC administration; with recent development hopes raised, the SEC may finally approve the Bitcoin ETF later this year.
Against the backdrop of a steady rise in Bitcoin prices, interest and demand for Bitcoin ETFs have resurfaced. Even digital quality finance continues to do a lot of research for ETF experts. Gracel has effectively provided GBTC quality Associate Degree ETFs that are not listed on the Associate Degree Stock Exchange.
Currently, 3 Bitcoin ETFs have been approved in neighboring North American countries. In addition, on Friday, Brazil’s QR Capital Cluster announced the launch of the initial Bitcoin ETF QBTC11 in the field of geography. The announcements have sparked speculation about a possible Bitcoin ETF created in the United States.
