Bitcoin
Bitcoin (BTC)
$64,848.00 -0.91583
Bitcoin price
Ethereum
Ethereum (ETH)
$3,440.44 -1.40857
Ethereum price
BNB
BNB (BNB)
$574.57 -1.07981
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Solana
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$159.23 -0.80284
Solana price
XRP
XRP (XRP)
$0.5839030 -5.17565
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$0.0000186 -4.54727
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$0.0000118 -4.96072
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Bonk
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$0.0000272 -3.72147
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Bitcoin
Bitcoin (BTC)
$64,848.00 -0.91583
Bitcoin price
Ethereum
Ethereum (ETH)
$3,440.44 -1.40857
Ethereum price
BNB
BNB (BNB)
$574.57 -1.07981
BNB price
Solana
Solana (SOL)
$159.23 -0.80284
Solana price
XRP
XRP (XRP)
$0.5839030 -5.17565
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000186 -4.54727
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.96072
Pepe price
Bonk
Bonk (BONK)
$0.0000272 -3.72147
Bonk price
Bitcoin
Bitcoin (BTC)
$64,848.00 -0.91583
Bitcoin price
Ethereum
Ethereum (ETH)
$3,440.44 -1.40857
Ethereum price
BNB
BNB (BNB)
$574.57 -1.07981
BNB price
Solana
Solana (SOL)
$159.23 -0.80284
Solana price
XRP
XRP (XRP)
$0.5839030 -5.17565
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000186 -4.54727
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.96072
Pepe price
Bonk
Bonk (BONK)
$0.0000272 -3.72147
Bonk price
Bitcoin
Bitcoin (BTC)
$64,848.00 -0.91583
Bitcoin price
Ethereum
Ethereum (ETH)
$3,440.44 -1.40857
Ethereum price
BNB
BNB (BNB)
$574.57 -1.07981
BNB price
Solana
Solana (SOL)
$159.23 -0.80284
Solana price
XRP
XRP (XRP)
$0.5839030 -5.17565
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000186 -4.54727
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.96072
Pepe price
Bonk
Bonk (BONK)
$0.0000272 -3.72147
Bonk price

First Trust files for Bitcoin buffer ETF

first-trust-files-for-bitcoin-buffer-etf
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News
First Trust files for Bitcoin buffer ETF

Financial services firm First Trust submitted the Bitcoin buffer filing ETF to the United States Securities and Exchange Commission on Dec. 14. 

The filing, Form N1, outlines the firm’s intention to introduce a new Bitcoin-linked product named the First Trust Bitcoin Buffer ETF.

According to the filing, the newly proposed fund will mirror the positive price returns of the Grayscale Bitcoin Trust or another exchange-traded product (ETP), offering exposure to Bitcoin’s (BTC) performance before factoring in fees and expenses.

Differing from a spot Bitcoin ETF, which directly tracks Bitcoin’s performance, the buffer ETF will employ options to pursue a specific investment outcome. According to Bloomberg Intelligence analyst James Seyffart, the benefit is that this type of fund is said to shield investors from losses in the event of market downturns by imposing a buffer or limit on a stock’s growth within a defined period. 

Seyffart states that the community should expect other entrants with different strategies for Bitcoin exposure in the next couple of weeks.

This news came on the same day Valkyrie Funds, a spot Bitcoin ETF race player, submitted a new S-1.

In alignment with Bitwise and Invesco, this move underscored a focus on cash-only creations and redemptions, with shared anticipation for transitioning to in-kind transactions where regulations allow.