The New York Stock Exchange is planning to launch five Bitcoin-related exchange-traded funds (ETF) offering “bull and bear” futures contracts on the Arca stock exchange.

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The ETF’s will use the price of Bitcoin futures listed on the CBOE and CME exchanges, which were launched in December.

“The target benchmark’s value will be calculated as the last sale price published by the CME or the CBOE or any other US exchange that subsequently trades bitcoin futures contracts on or before 11 a.m. E.T.”

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The three ‘Bull Funds’ are classified as 1.25X, 1.5X and 2X, proposing 100 percent, 150 percent and 200 percent earnings on the prearranged contract.

Funds are not anticipated to be traded any longer than a day and offer earnings based on the agreed contract. Investors stand to a chance of facing the same multipliers in loses, should the market move against their contracts.

“Bears Funds” allow investors the venture to leverage against a weakening in the value of Bitcoin.

The funds offered are 1X and 2X, offering 100 percent and 200 percent gains should the contract meet its target on the given day of trading.

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