ETF Analyst Eric Balchunas reported that investment management company Calamos has submitted an application for a “buffer” Bitcoin ETF. This ETF will seek to provide 100% downside protection for Bitcoin while capturing some upside through the use of FLEX options. It is currently unclear whether this application is for a spot or futures type ETF.
Earlier reports stated that on December 15, 2023, First Trust submitted an application for a Bitcoin “buffer” ETF to the U.S. Securities and Exchange Commission (SEC). It is expected that in the coming weeks, other entrants in this field will adopt unique differentiation strategies to provide Bitcoin exposure.
Source: https://twitter.com/EricBalchunas/status/1790497723143029044
Note: All articles from Bitpush represent the author’s point of view and do not constitute investment advice.
Original article: https://www.bitpush.news/articles/6727260
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