Deep Tide TechFlow News, on December 2, according to the Financial Times, four asset management companies, including Grayscale, submitted applications to US regulators to launch Bitcoin ETF products that use derivatives to reduce or avoid risk.
Among them, Calamos Investments applied for four managed on-exchange ETFs, First Trust Portfolios applied for two products, Innovator ETFs plans to launch two buffered products, and Grayscale Investments plans to launch a covered call Bitcoin ETF.
TMX VettaFi Research Director Todd Rosenbluth stated that given Bitcoin's strong performance this year, these ETFs with downside protection will allow more investors to participate in the Bitcoin market in a controlled-risk manner.
