Five new Bitcoin ETFs could be trading in Arca (a secondary marketplace on NYSE) soon.
The U.S. Securities Exchange Commission received a request to validate five new bitcoin-related ETFs, which have been created by Direxion Asset Management (http://www.direxioninvestments.com/)
The volatility of these instruments is expected to be substantial. Three of the ETFs would track 125%, 150%, and 200% respectively of the performance of bitcoin futures. The other two are inversely correlated 100% and 200%. Bitcoin futures are usually more volatile than bitcoin itself.
If approved, these new ETFs would join the growing number of cryptocurrencies-related ETFs, all part of the recent crypto frenzy.
Read more here -> https://www.cnbc.com/2018/01/06/nyse-asks-regulators-for-permission-to-list-bitcoin-futures-etfs-.html
