Bitcoin ETF · Bitcoin · Bloomberg · The Block
BlackRock files for bitcoin ETF offering downside protection and upside exposure to IBIT
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BlackRock, the world's largest investment manager, has filed for another bitcoin fund, this time one that would give investors both downside protection and upside exposure to its flagship bitcoin exchange-traded fund.
Key facts
- BlackRock's iShares Bitcoin Trust holds more than $65 billion in assets under management, making it the largest of its kind, 's bitcoin ETF tracker
- On Monday, the firm filed with the Securities and Exchange Commission for the iShares Bitcoin Managed Protect ETF
- The Fund seeks to provide upside exposure to the iShares Bitcoin Trust ETF iShares Bitcoin Trust (IBIT) and/or similar bitcoin exposure up to an approximate limit, while seeking to provide a level
- In a post on X, Bloomberg Intelligence's James Seyffart noted that BlackRock still has bitcoin and Ethereum products
Summary
On Monday, the firm filed with the Securities and Exchange Commission for the iShares Bitcoin Managed Protect ETF. "The Fund seeks to provide upside exposure to the iShares Bitcoin Trust ETF iShares Bitcoin Trust (IBIT) and/or similar bitcoin exposure up to an approximate limit, while seeking to provide a level of downside protection," BlackRock said in the filing. BlackRock's iShares Bitcoin Trust holds more than $65 billion in assets under management, making it the largest of its kind, 's bitcoin ETF tracker. In a post on X, Bloomberg Intelligence's James Seyffart noted that BlackRock still has bitcoin and Ethereum products.