![2017-year-of-the-bitcoin.jpg](https://steemitimages.com/DQmSu5xJ9JkuGjRvxYoBkBrvMdRAbsaL1sQBNYcMzMHPsDv/2017-year-of-the-bitcoin.jpg)

The New York Stock Exchange has submitted an application to the American stock exchange commission to launch 5 Bitcoin ETFs based on Bitcoin futures. Via these ETFs investors can respond to an increase or decrease of Bitcoin on the stock market.

After the launch of Bitcoin futures on the CBOE and CME, it seems only a matter of time before Bitcoin ETFs are launched. Through these ETFs one can respond to the direction of the Bitcoin price on the stock market. The NYSE now requests the US SEC to launch 5 Bitcoin ETFs:

Bull Funds 1.25X - 1.50X and 2X

These Bitcoin ETFs respond to a Bitcoin increase with a lever. The intention is to monitor the price of Bitcoin on a daily basis. If Bitcoin rises by 10% in one day, the first ETF will rise 12.5%, the 2nd ETF 15% and the last ETF 20%.

Of course this also applies in reverse. If Bitcoin drops by 10% in one day, the lever will also work this way with losses of 12.50%, 15% and 20%.

Bear Funds 1X and 2X

These Bitcoin ETFs give investors the opportunity to make money from a Bitcoin decline. When Bitcoin drops by 10% one day, these ETFs will increase by 10% and 20% respectively.

Here, too, the lever works naturally towards the other direction. An increase of Bitcoin of 10% on a daily basis results in a decrease of 10% and 20% respectively.

<a href="https://www.cnbc.com/video/2017/12/20/nyse-parent-ice-files-for-bitcoin-etf.html">NYSE parent ICE files for bitcoin ETF from CNBC.</a>


Approval

Several attempts have been made in the past to bring Bitcoin ETFs to the stock market. These have always been rejected. One of the main reasons to reject Bitcoin ETFs in the past was the lack of Bitcoin futures. That is now off course after 2 exchanges, the CBOE and the CME, started trading these futures in December.

But at least it remains to be seen how the American stock market watchdog SEC will do with the new information. The mainstream adaptation of Bitcoin would be another step closer with an ETF.

Sources: CoinTelegraph + CNBC