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.
organisation
US Securities and Exchange Commission
US financial regulator