BlackRock doubles down on Bitcoin exposure with new BTC ETF
Photo: Finbold
BlackRock is extending its footprint in cryptocurrency investing, filing with the U.S. Securities and Exchange Commission (SEC) to launch the iShares Bitcoin Managed Protection ETF (PBIT). The new product is designed to offer limited upside participation in Bitcoin ( BTC ) price movements while providing a measure of downside protection. The October 19, 2026, registration amendment outlines a strategy that seeks exposure to the performance of the firm’s flagship iShares Bitcoin Trust ETF (IBIT), or comparable Bitcoin reference assets, up to a specified cap while aiming to cushion losses.
Source: Finbold
