BlackRock files for iShares Bitcoin Managed Protection ETF with ~10% downside protection and capped upside via options on IBIT

BlackRock has filed with the SEC to launch the iShares Bitcoin Managed Protection ETF (ticker PBIT), a buffer ETF offering downside protection in exchange for capped upside potential. The fund buys and sells call options on its iShares Bitcoin Trust (IBIT) in three overlapping monthly tranches, each capping maximum loss at roughly 10% before fees while capping upside.

Detected & updated continuously · Source: Nebula