The New York Stock Exchange (NYSE) is seeking to list bitcoin-related exchange-traded funds (ETFs) on one of its markets, Business Insider reported.

According to an SEC filing, the NYSE is seeking approval to list bitcoin ETFs created by Direxion Asset Management. The ETFs have been designed to track trading in bitcoin futures markets.

“The 1.25X Bull Fund, 1.5X Bull Fund and 2X Bull Fund (each a “Bull Fund” and collectively, the “Bull Funds”) seeks daily leveraged investment results (before fees and expenses) that correlate positively to either 125%, 150% or 200% the daily return of the target benchmark,” the filing reads.

This essentially means that if a bull fund is successful in achieving its objective, its value on a given day should gain approximately 1.25 times, 1.5 times or 2 times, as applicable.

Furthermore, the inverse ETFs or the “bear funds” will offer investors an opportunity to gain from falling bitcoin futures by offering returns that "correlate to two times the inverse (-200%) of the daily return of the target benchmark."

Both, leveraged and inverse ETFs, are for the very short-term and do not seek to achieve their investment objective over a period greater than a single trading day, the filing said. If approved, the ETFs would trade on NYSE Arca.

This follows the recent launch of bitcoin futures contracts by Cboe and CME in December 2017.