TechFlow News: Anthony Scaramucci, founder of SkyBridge Capital, posted on X stating that SkyBridge has sent a letter to the SEC urging prompt approval of a spot Bitcoin ETF.
SkyBridge believes the surveillance-sharing agreement executed with Coinbase adequately addresses concerns about market manipulation, and therefore calls on the SEC to approve the spot Bitcoin ETF as soon as possible.
In addition, the letter rejected Grayscale's proposal that all spot Bitcoin ETF applications should be approved simultaneously, arguing instead that approvals should follow the order in which applications were submitted.
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