Applications for a bitcoin ETF are piling up with the SEC.

Last week, Anthony Scaramucci-founded Skybridge Capital filed an S-1 registration prospectus for a bitcoin exchange-traded fund (ETF). It follows previous applicants such as Vaneck and Valkyrie Digital Assets, all in the hope that the SEC will, after years of rejecting bitcoin ETF applications, may finally thaw this time around under the aegis of a new administration. (Bitcoin.com)

As per the application, the new ETF would be dubbed the “First Trust Skybridge Bitcoin ETF Trust” and would trade on the NYSEArca exchange.

Canadian bitcoin ETFs already off the block

Canada has already approved three bitcoin ETFs.

Notably, the Purpose Bitcoin ETF, which was approved in Canada and launched by Purpose Investments in mid-February on the Toronto Stock Exchange, has already scaled the $1 billion mark in assets under management.

Purpose is the first-ever bitcoin ETF and was followed a day later by the launch of the Evolve Bitcoin ETF. The latter has grossed AUM of $85 million as of last Thursday.

Even Latin America has stolen a march

Last week, the Brazilian Securities and Exchange Commission (CVM) approved a bitcoin ETF by QR Capital. It would be the first 100 percent BTC exchange-traded fund to be approved in Latin America, and the fourth to be approved amongst the G-20 countries.

As mentioned, the first three were approved last month in Canada.

The QR Capital ETF is scheduled to trade on the B3 exchange from June this year. It will probably meet with an overwhelming response given that more than 4 million Brazilians access the exchange.

For the first time, Brazilians will have the opportunity to invest in a fully regulated BTC investment offering.

It is expected that institutions too will jump at the opportunity.

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Image of Anthony Scaramucci: Wikimedia Commons