BlackRock files for Bitcoin downside protection ETF, linked to IBIT with a capped upside.

PANews October 20 news, according to U.S. SEC filings, BlackRock's iShares Trust submitted a registration application on October 19 for the iShares Bitcoin Managed Protection ETF, with the ticker PBIT. The fund aims to provide upside exposure to the iShares Bitcoin Trust ETF (IBIT) and similar Bitcoin exposure, but with a roughly capped upside, while also providing a certain degree of downside protection. Its strategy typically includes purchasing Bitcoin options in three tranches, while selling options to offset the purchase cost (thereby limiting upside gains), and investing in fixed-income products to earn interest income, which is used to hedge option costs and provide downside protection.

Related news

11-02 03:27 UTC
SOL spot ETFs saw a net outflow of $71.4748 million last week, a record high.
11-02 03:26 UTC
Ethereum spot ETFs saw a net outflow of $432 million last week, marking five consecutive weeks of net outflows.
11-02 03:25 UTC
Spot Bitcoin ETFs saw a net outflow of $203 million last week, with Fidelity's FBTC leading with a net outflow of $166 million.
PANews November 2 news, according to SoSoValue data, during last week's trading days (Eastern Time October 26 to October 30), spot Bitcoin ETFs saw a net outflo...
11-01 12:11 UTC
Yi He: Binance community reward campaigns need to wait for regulatory approval before launching; there are currently no cash voucher campaigns.
11-01 00:05 UTC
Glassnode: U.S. spot Ethereum ETFs recorded 23 consecutive trading days of net outflows, the longest net outflow streak on record.

SOL spot ETFs saw a net outflow of $71.4748 million last week, a record high.

Ethereum spot ETFs saw a net outflow of $432 million last week, marking five consecutive weeks of net outflows.

Spot Bitcoin ETFs saw a net outflow of $203 million last week, with Fidelity's FBTC leading with a net outflow of $166 million.

Yi He: Binance community reward campaigns need to wait for regulatory approval before launching; there are currently no cash voucher campaigns.

Glassnode: U.S. spot Ethereum ETFs recorded 23 consecutive trading days of net outflows, the longest net outflow streak on record.