BlackRock Files for Bitcoin ETF That Trades Capped Gains for a 10% Loss Floor
Photo: Unchained
The proposed iShares Bitcoin Managed Protection ETF would use options on IBIT to limit each tranche’s starting loss to about 10%, in exchange for a ceiling on gains. BlackRock filed on Monday to register the iShares Bitcoin Managed Protection ETF , a fund built to give up part of bitcoin’s gains in return for a cushion against sharp declines. It would trade under the ticker PBIT and become the asset manager’s third U.S. bitcoin-linked ETF.
Source: Unchained
