SkyBridge, headed by Scaramucci, and First Advisor have teamed up to apply for a Bitcoin ETF

Following in the footsteps of WisdomTree, Valkyrie, NYDIG, and VanEck, the two firms are the latest to apply for an ETF.

First Trust Advisors and SkyBridge Capital, the hedge fund managed by Anthony Scaramucci, the former White House Communications Director and recent bitcoin (BTC, +0.63 percent ) convert, are the new companies to reveal plans to sell a bitcoin exchange-traded fund (ETF).

The companies applied to the Securities and Exchange Commission (SEC) to be able to sell the “First Confidence SkyBridge Bitcoin ETF Trust” in an S-1 filing. The ETF’s advisor would be First Advisor, while SkyBridge would be the sub-advisor. The stock will be traded on the NYSE Arca, according to the filing.

The two firms are the most recent to apply for an ETF. WisdomTree filed for a bitcoin ETF in March, NYDIG in February, Valkyrie in January, and VanEck in December of last year, all in response to the bull market’s regulatory rush.

Grayscale seems to be working on its own exchange-traded fund. The crypto asset manager may either apply for a new one or turn its current bitcoin Trust into an ETF. Digital Currency Group, the parent company of CoinDesk, owns the digital asset investment business.

The flurry of applications comes as the Securities and Exchange Commission (SEC) is widely expected to approve the first bitcoin ETF later this year.

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