First Trust files Bitcoin “buffer” ETF application with SEC

Odaily News According to a screenshot of the document released by Bloomberg analyst James Seyffart, First Trust submitted an application to the SEC for a Bitcoin “buffer” ETF (Buffer ETF). This type of fund protects investors from a set percentage decline by limiting the upper limit. loss. Analysts say they expect other entrants to the space to offer Bitcoin exposure in the coming weeks using unique and differentiated strategies.