Asset manager First Trust has recently submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin buffer exchange-traded fund (ETF). The primary objective of this proposed ETF is to assist investors in managing risk by focusing on providing downside protection. The filing by First Trust aims to offer investors a vehicle that can potentially mitigate the volatility associated with Bitcoin investments. By offering a buffer against price declines, the ETF seeks to provide a safeguard for investors seeking exposure to the cryptocurrency market while minimizing the potential downside risks.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinFirst Trust files for Bitcoin ‘Buffer ETF’ with SEC