BlackRock

U.S. spot bitcoin exchange-traded funds recorded their strongest daily net inflow in nearly a month on Monday, attracting $526.6 million according to SoSoValue data, driven entirely by a $665.2 million injection into BlackRock's iShares Bitcoin Trust (IBIT). The figures reversed the prior week's $228.5 million in withdrawals, though net flows for October remain slightly negative at an estimated $90.5 million.

BlackRock, the world’s largest asset manager, has filed a preliminary prospectus with the US Securities and Exchange Commission for a Bitcoin exchange-traded fund that offers limited downside protection in exchange for capped gains. The iShares Bitcoin Managed Protection ETF (PBIT) would use options contracts linked to BlackRock’s existing iShares Bitcoin Trust ETF (IBIT) rather than holding Bitcoin directly.