The New York Stock Exchange has filed a request for authorization to launch a number of Bitcoin Exchange Traded Funds (ETFs) ) in 2018 only.

As reported by BusinessInsider, a deposit sent to the US Securities and Exchange Commission shows that the stock market intends to launch five different ETFs offering "bull and bear" futures contracts. On the Arca Stock Exchange

TEFs will be linked to the price of Bitcoin futures listed on the CME and CBOE exchanges, which launched Bitcoin futures in December 2017:

"The value of the target benchmark will be calculated based on the last sale price published by the CME or CBOE or any other US stock exchange that subsequently trades in Bitcoin futures not later than 11:00 am ET"

Bull Funds

The three Bull Funds are rated as 1.25X, 1.5X and 2X, offering returns of 100%, 150% and 200% on the given contract .

As stated in the document sent to the SEC, the funds are not intended to be traded more than According to the registration document, the Bull 1.25X Fund, the 1.5X Bull Fund and the 2X Bull Fund seeks leveraged investment results (before fees) on a daily basis. and expenses) that correlate positively with either 125, 150 or 200 percent of the daily performance of the target benchmark. "

However, investors have a chance to face the same multipliers of losses, if the market moves against their contracts:

" Conversely, its value one day given (before fees and fees) should lose about 1.25 times, 1.5 times or 2 times, depending on the case, as much in percentage as the target benchmark level when benchm ark declines. "

Bear Fund

As the name suggests, the" Bear Funds "allow investors to take advantage of a decline in the value of Bitcoin. The two funds offered are 1X and 2X, offering gains of 100% and 200% if the contract reached its target on the day of trading.

Again, if the value of the index increased , Bear Fund investors suffer losses aggravated by the multiplier (1X or 2X) that they accepted, as described by the 2X Bear Fund:

"If the 2X Bear Fund succeeds To achieve its investment goal, its value on a given day should earn about twice as much in percentage as the target benchmark level when the target benchmark decreases. Conversely, its value on a given day should lose about twice as much in percentage as the target benchmark level when the target benchmark increases.

Watch the Game

If the NYSE is allowed to launch these ETFs, it will be the third US exchange to offer Bitcoin futures, CME and CBOE are negotiating contracts futures since December

Without wasting time to send their application to the SEC, this decision shows that there is a lot of interest for Bitcoin by the Wall Street money.

Merrill Lynch refused to his financial advisors to offer his clients investments related to Bitcoin, the stock markets seek to put up various offers.

Once again a number of ETFs and trading options have been available for a while, will be more information on how well these options are trading.Because of this knowledge, could we see a change of sentiment from financial institutions whose clients Do you want to penetrate the cryptocurrency market?