BlackRock filed on October 19 with the SEC for the iShares Bitcoin Managed Protection ETF, to be traded under the ticker PBIT. The fund will hold Bitcoin options and fixed-income investments to provide exposure to Bitcoin price movements while offering downside protection. BlackRock’s existing IBIT manages over $66 billion in assets, making it the largest spot Bitcoin ETF. The PBIT product is part of an expanded Bitcoin ETF lineup, alongside similar offerings from Calamos, First Trust and Innovator. On October 21, IBIT attracted $665.2 million in net inflows while the other 11 spot Bitcoin funds recorded outflows.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
