First Trust submits application for Bitcoin “buffer” ETF to U.S. SEC
On December 15th, James Seyffart, an ETF analyst at Bloomberg, stated that First Trust has submitted an application for a "buffer" Bitcoin ETF to the US Securities and Exchange Commission (SEC). These types of funds can prevent a certain percentage of downside losses, but at the same time, limit upside gains.
It is expected that in the coming weeks, other entrants in this field will adopt unique differentiation strategies to provide Bitcoin exposure.
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