Posted 12/15/2023, 11:29:38 AM
First Trust Seeks Approval for Bitcoin 'Buffer ETF' to Limit Downside
- First Trust files with SEC for Bitcoin "Buffer ETF" that participates in BTC price returns but uses options to limit downside
- Buffer ETFs protect against a percentage of losses while capping upside potential
- First Trust's filing is one of the first Bitcoin buffer ETFs with the SEC
- Buffer ETFs in other assets have ballooned recently, with $32B+ in assets under management
- However, buffer ETFs don't guarantee no losses or full principal protection