Four asset management companies are actively applying to U.S. regulators to launch Bitcoin ETFs, aiming to reduce investment risks through derivatives. Calamos Investments has submitted applications for four managed on-exchange ETFs, while First Trust Portfolios plans to launch a 15% floor ETF and a buffered ETF to protect against the first 30% of losses.

Innovator ETFs hopes to introduce a three-month buffered product with yields of 10% and 20%, setting a "participation rate." Grayscale Investments plans to launch a covered call Bitcoin ETF, offering regular premium income by selling call options on the spot Bitcoin ETF. 📈🔍 These innovative products may provide investors with more options while also introducing new market dynamics.