First Trust Advisors has announced two new Bitcoin Strategy Exchange-Traded funds, adding to a range of products currently holding a net worth of over $28 billion.
In an announcement on April 4th, First Trust said it has launched two Bitcoin (BTC) strategic ETFs this week.
Specifically, the Bitcoin Exchange Trade Fund is part of the Target Results ETF of The Floor15 ETF series, both in the FT Best Bitcoin Strategy Floor15 ETF-ERTF- and FT Best Bitcoin Strategy and Target Revenue ETF.
“FT Best Bitcoin Strategy Floor 15 ETF – April represents an innovative step in risk-managed cryptocurrency investment. By configuring your investment with defined floors and upside caps, we offer investors a more controlled way while reducing negative side exposure. Best of the best.
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Ryan Isakinenen, Senior Vice President and ETF Strategist at First Trust, said the launch would follow years of demand for Bitcoin Link ETFs. BFAP allows those seeking to participate in the crypto space to clarify the negative side risk and take advantage of the potential of BTC’s upside.
Like BFAP, First Trust believes DFII will gain traction for that possibility. As Issakainen said in a statement, the fund allows investors to explore opportunities regarding the high volatility of Bitcoin. Investors can consider generating revenue from now on by selling call options.
Asset Manager offers DFII as an aggressively managed fund, with 80% of its net worth investing in investments that generate bitcoin and income. First Trust’s target results ETF has skyrocketed in net worth of 53% over the past year, exceeding $28 billion as of the end of February.
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