First Trust has submitted a Bitcoin "buffer" ETF application to the SEC

ChainCatcher news, Bloomberg ETF analyst James Seyffart posted on social media that First Trust has submitted a Bitcoin "Buffer" ETF application 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 in the coming weeks, other entrants in this space will adopt unique differentiated strategies to provide Bitcoin exposure.