BlackRock has filed a prospectus for a new Bitcoin ETF offering downside protection. The product, named iShares Bitcoin Managed Protection ETF with ticker PBIT, would allow investors to gain exposure to BlackRock’s spot Bitcoin ETF IBIT while benefiting from a protection mechanism if Bitcoin’s price declines. The filing comes as IBIT was trading at $46.32. This initiative is part of a broader trend among ETF issuers to offer Bitcoin products tailored to different risk profiles, including hedging strategies and defined outcome products.
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