AN S-1 for the financial product with regulator was introduced by Skybrigde Capital founded by Anthony Saramucci and First Trust Advisors. The shares traded on the exchange NYSE Arca, would be offered by The First Trust SkyBridge Capital
However, the Commissioner of SEC, Hester Pierce has currently called for a more positive look at Crytocurrencies. The Commissioner said that SEC has waited too long for the product to be approved.
Furthermore, the Commissioner said that access to crypto by Institutions is usually through a regulated market and a lot of people are looking for a way to access it, but a little bit hole has been dug by them.
Recently, $59,125 with side movement (0.8) is what Bitcoin is trading.