Techub News reports that according to the UK Financial Times, four asset management companies—Grayscale Investments, Calamos Investments, First Trust Portfolios, and Innovator ETFs—have submitted applications to the U.S. Securities and Exchange Commission (SEC) with plans to launch Bitcoin ETFs that use derivatives to reduce or protect investors from losses. Specifically, these ETFs include Buffer ETFs and Managed Floor ETFs. If approved, these ETFs could be listed as early as February next year.