A new kind of Bitcoin (BTC) Exchange-Traded Product (ETP) is making rounds in the crypto industry. First Trust has submitted a filing for a Bitcoin Buffer ETF that aims to protect users.
Bitcoin Buffer ETF: Scope and Goals
According to the filing lodged with the United States Securities and Exchange Commission (SEC), the Bitcoin Buffer ETF is designed to offer a form of protection for potential Exchange Traded (ETP) trading in the US.
According to the filing, the ETF will protect up to the “first 30% loss of the Underlying ETP losses at the end of each Target Outcome Period.”
“After the Underlying ETP has decreased in price by more than 30%, the Fund will experience subsequent losses on a one-to-one basis (i.e., if the Underlying ETP loses 35%, the Fund loses 5%). The buffer is before taking into account the Fund’s fees and expenses charged to shareholders.”
Much more, the Bitcoin Buffer ETF will be influenced by brokerage commissions, trading fees, taxes and extraordinary
We współpracy z: https://coingape.com/just-in-first-trust-files-for-bitcoin-buffer-etf/
