BNY Mellon has been named in the initial registration statement as a service provider for the First Trust SkyBridge Bitcoin ETF Trust, a newly created bitcoin ETF that is currently pending approval by the US Securities and Exchange Commission. After completion of definitive service provider agreements and the SEC’s final approval of the ETF, BNY Mellon is expected to provide services including ETF basket operations, order taking, fund accounting, fund administration and transfer agency services. CIBC Mellon, BNY Mellon’s JV in Canada, has been appointed to provide administration services to the first three bitcoin ETFs launched in Canada.
