BlackRock files registration for Bitcoin ETF PBIT to buffer 10% declines
BLK Blackrock Inc
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- 1BlackRock filed for the registration of iShares Bitcoin Managed Protection ETF (PBIT) on Monday
- 2The fund aims to defend against declines using IBIT-linked call option spreads while sacrificing some upside gains
- 3Effectiveness is expected in early January 2027, 75 days after filing, with the protection level left blank
So what's the key point?
BlackRock has applied to create a new fund that reduces losses when Bitcoin prices drop significantly. In exchange, some potential profits from Bitcoin price increases must be given up.
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