Bitcoin ETF · Bitcoin · SEC · Cointelegraph
BlackRock files for third Bitcoin ETF, still no Solana or XRP
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BlackRock’s proposed Bitcoin fund would use options to limit potential losses and gains, adding another strategy to its existing Bitcoin and Ether ETF lineup.
Key facts
- BlackRock also runs the iShares Ethereum Trust ETF (ETHA), a spot Ether fund with $8 billion in net assets
- In March 2026, its offerings expanded with the iShares Staked Ethereum Trust ETF (ETHB), which offers exposure to Ether and staking rewards
- BlackRock entered the US spot Bitcoin ETF market in January 2024 with the launch of IBIT, followed by the ETHA in July that year
- The fund had $65.7 billion in net assets as of Monday, according to BlackRock
Summary
BlackRock, the world’s largest asset manager, is looking to expand its crypto fund lineup with a Bitcoin exchange-traded fund (ETF) that offers limited downside protection in exchange for capped gains. The world’s largest asset manager on Monday filed a preliminary prospectus with the US Securities and Exchange Commission for the iShares Bitcoin Managed Protection ETF (PBIT). The proposed ETF would use options linked to BlackRock’s iShares Bitcoin Trust ETF (IBIT) rather than holding Bitcoin (BTC) directly, according to the preliminary prospectus filed with the US Securities and Exchange Commission (SEC). IBIT is the world’s largest spot Bitcoin ETF by assets.