First Trust has submitted a proposal for a Bitcoin buffer ETF to the Securities and Exchange Commission (SEC), according to James Seyffart, an analyst at Bloomberg Intelligence. This type of exchange-traded fund (ETF) employs a distinctive strategy to provide investors with exposure to Bitcoin while mitigating potential losses. The fund’s performance is designed to sacrifice a portion of the upside gains to protect against a predetermined percentage of downside losses. If approved by the SEC, this ETF could offer investors a new way to access the volatile cryptocurrency market with added protection against potential losses.