First Trust Submits Application for Bitcoin 'Buffered' ETF to US SEC
2023/12/15 00:17
Bloomberg ETF analyst James Seyffart stated that First Trust has submitted an application for a Bitcoin "Buffer" ETF to the U.S. Securities and Exchange Commission (SEC). This type of fund can protect against a certain percentage of downside losses, but at the same time, upside gains are limited. It is expected that other entrants in this field will adopt unique differentiation strategies to provide Bitcoin exposure in the coming weeks.
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