The New York Stock Exchange asked SEC regulators to list five exchange-traded funds that track bitcoin futures on one of its markets. The New York Stock Exchange has asked the Securities and Exchange Commission to allow it to list five bitcoin -related exchange-traded funds (ETFs) on one of its markets, according to an SEC filing..
The ETFs were created by Direxion Asset Management to track bitcoin futures trading. While they are not tied to the price of bitcoin itself, the funds aim to multiply investor returns when compared to the underlying market, the filing said..
For each fund, that means a 1 percent rise in the price of bitcoin futures should result in a per-share gain of between 1.25 percent and 2 percent, depending on which Bull Fund is used. The NYSE has issued several filings related to the bitcoin market, including for bitcoin-related ETFs, with the SEC..
The NYSE's move comes after two of its rival exchanges, the Cboe and the CME , won approval to list bitcoin futures on their exchanges. The buzz around bitcoin and its competing digital currencies exploded in 2017, driving a 1,300 percent annual gain in the price of bitcoin..
https://uk.finance.yahoo.com/news/nyse-seeking-permission-list-bitcoin-192500041.html
