BlackRock files for downside-protected Bitcoin ETF with capped upside
- —BlackRock filed with the SEC for the iShares Bitcoin Managed Protect ETF, ticker PBIT
- —The fund promises partial loss absorption when Bitcoin's price falls
- —Investors would face a hard cap on upside returns in exchange
Why it matters: A downside-protected Bitcoin ETF from the largest issuer could draw conservative investors and broaden institutional demand for BTC.
Source: BitExpert