Grayscale and four other asset management companies have applied to US regulators for a "risk-averse" Bitcoin ETF

Odaily Planet Daily Report: Four asset management companies have submitted applications to the US regulatory authorities to create Bitcoin ETFs that use derivatives to minimize or completely prevent potential losses. According to Todd Rosenbluth, head of research at consulting firm TMX VettaFi, "Given the rapid rise in Bitcoin this year, many investors may regret missing out on the opportunity due to concerns about the volatility of cryptocurrencies, and these upcoming downside protection ETFs will allow more people to add Bitcoin exposure to their portfolios in a risk-aware manner." Specifically, Calamos Investments has applied for four actively managed in-the-money ETFs (floor ETFs). First Trust Portfolios has applied for a 15% in-the-money ETF and a buffer ETF aimed at protecting against any losses of the first 30%. Innovator ETFs is applying for a 10% buffer product that will operate within three months. Additionally, it has applied for a 20% three-month actively managed in-the-money ETF with a "participation rate" set. In addition, Grayscale Investments plans to launch a covered call Bitcoin ETF, which will sell call options on the spot Bitcoin ETF, reducing potential price appreciation gains but providing regular premium income.