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Global investment firm SkyBridge Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on cryptocurrencies and other digital assets.

According to the Tuesday filing, First Trust SkyBridge Crypto Industry and Digital Economy ETF will invest at least 80% of their net assets into companies related to the digital economy and the crypto industry ecosystem, but not digital assets themselves.

SkyBridge defines the “crypto industry ecosystem” to be companies involved in servicing the crypto-asset markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions with primarily crypto-related clientele.

Companies related to the digital economy, according to SkyBridge, are able to provide online banking services, operate digital payment gateways for businesses and others, provide online asset management and trading platforms, and offer software services.

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The new fund will operate under the ticker symbol CRPT on the NYSE Arca, an exchange where stocks and options are traded.

Last December SkyBridge invested $182 million into BTC, and in March filed with the SEC to open a Bitcoin ETF.

Other firms have also begun investing in the growing digital asset space, including Atlanta-based Invesco.

SkyBridge also invests in hedge funds, private equity, and real estate, with over $6 billion in assets under management as of July.

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Featured Image: Shutterstock/asharku

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