Scaramucci's SkyBridge Capital to Launch Private Ethereum Fund

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The firm also plans to apply for an Ethereum ETF. New York City-based SkyBridge Capital is one of the many high-profile companies that have applied to the SEC for a Bitcoin ETF. The company, which manages $7 billion in assets, applied in March and the SEC is currently reviewing the application.

An ETF is a popular investment tool that allows people to buy shares that track the price of an asset. This could be anything from real estate to foreign currencies. A Bitcoin ETF allows would-be investors to put their money in cryptocurrency without having to actually own the cryptocurrency themselves—but rather shares of it.source