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SkyBridge urges SEC to approve spot bitcoin ETFs without delay

SkyBridge, a crypto investment firm led by Anthony Scaramucci, has urged the US Securities and Exchange Commission (SEC) to approve the latest wave of spot bitcoin exchange-traded funds (ETFs) without delay. SkyBridge argued that approving some spot bitcoin ETF proposals before others would not give those products an "unfairly discriminatory and prejudicial first-mover advantage". The firm previously sought to launch its own bitcoin ETF with First Trust Advisors, but the fund was denied by the SEC in January 2022.

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