SkyBridge Files Cryptocurrency ETF Application with SEC

TokenInsight news, investment firm SkyBridge Capital revealed at this week's SALT conference that it applied for a cryptocurrency-focused ETF product on Tuesday and raised over $100 million for the newly announced Algorand Foundation. If the ETF is approved, SkyBridge Capital will reportedly invest at least 80% of its net assets in companies in the cryptocurrency industry. In total, SkyBridge currently holds over $700 million in cryptocurrency assets.