Making Bitcoin more appealing to the masses is an ongoing struggle. While the value of BTC skyrocketed last year, it has plummeted in early 2018. Even so, there are numerous bids to launch even more Bitcoin ETFs in the near future. These d exchange-traded funds make it easier to ride Bitcoin’s volatility rollercoaster without buying cryptocurrency directly.

For the cryptocurrency industry, ETFs are both a blessing and a curse. On the one hand, they allow more people to be exposed to volatile price swings. It is quite appealing to investors, but also to speculators. This brings us to the bad part, as more speculation will lead to even wilder price swings. If this year is any indication, the potentially upcoming ETFs will see f their fair share of fluctuation moving forward.

Will we Finally See Bitcoin ETFs?

That hasn’t kept Pro Share Capital Management from trying, though. While it is not the biggest asset manager, the firm specializes in ETFs. As such, their interest in Bitcoin is only a normal evolution. The company filed for two ET products to be listed on the NYSE Arca electronic exchange. Assuming they get approved, things will get pretty interesting for cryptocurrency as a whole.

As one would expect, the two proposed products are different from one another. The Pro Shares Bitcoin ETF is the normal product one would expect. Those looking to drive the BTC price down can buy into the Pro Shares Short Bitcoin ETF. This latter offering will undoubtedly lead to more volatility. Whether or not that is positive, remains to be seen.

For now, the SEC still has to greenlight both ETFs. It is possible they will be rejected, but it seems the SEC isn’t inclined to do so. With other players issuing futures and similar investment vehicles, allowing ETFs to be listed seems logical. However, this form of vehicle has been shot down by the SEC numerous times in the past. It remains doubtful this time will be any different.

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