BlackRock Files for Bitcoin ETF Designed to Cushion Losses
The proposed iShares Bitcoin Managed Protection ETF would use options on IBIT to limit downside risk while capping potential gains.
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AfroEuropa desk
BlackRock, the world's largest asset manager, has filed with the U.S. Securities and Exchange Commission to launch a new Bitcoin-linked exchange-traded fund that aims to limit some losses while capping potential gains, according to a Monday filing reported by BitKE.
The proposed iShares Bitcoin Managed Protection ETF would use options tied to BlackRock's iShares Bitcoin Trust (IBIT) to give investors exposure to Bitcoin's gains up to a set limit while seeking to soften declines. The structure addresses one of the main obstacles to wider Bitcoin investment: volatility. While spot Bitcoin ETFs track price movements directly, a product that aims to reduce losses could appeal to investors who want crypto exposure but are reluctant to bear the full weight of market drops.
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