BlackRock is targeting the conservative investor
Introduces the “PBIT” ETF to invest in Bitcoin with downside protection
#blackRock has filed an application to launch the iShares #bitcoin Managed Protection #etf (which will trade under the ticker PBIT).
Investment objective: The fund seeks to give investors exposure to Bitcoin gains (through the iShares Bitcoin Trust ETF - IBIT or similar instruments), subject to an approximate cap, in exchange for providing a degree of downside protection.
“Buffer” strategy: This type of vehicle is designed for investors who want to mitigate the volatility inherent in the crypto market. By setting a level of protection against losses in bearish scenarios, investors give up some of the unlimited upside in bull runs in exchange for greater peace of mind and risk management.
Operational details and fees: The fund will be managed by BlackRock Fund Advisors (BFA). According to the filed documents, BFA will cover most of the fund’s operating expenses, excluding the management fee, taxes, and extraordinary transaction costs.
#CryptoNews #BTC
$BTC
Introduces the “PBIT” ETF to invest in Bitcoin with downside protection
#blackRock has filed an application to launch the iShares #bitcoin Managed Protection #etf (which will trade under the ticker PBIT).
Investment objective: The fund seeks to give investors exposure to Bitcoin gains (through the iShares Bitcoin Trust ETF - IBIT or similar instruments), subject to an approximate cap, in exchange for providing a degree of downside protection.
“Buffer” strategy: This type of vehicle is designed for investors who want to mitigate the volatility inherent in the crypto market. By setting a level of protection against losses in bearish scenarios, investors give up some of the unlimited upside in bull runs in exchange for greater peace of mind and risk management.
Operational details and fees: The fund will be managed by BlackRock Fund Advisors (BFA). According to the filed documents, BFA will cover most of the fund’s operating expenses, excluding the management fee, taxes, and extraordinary transaction costs.
#CryptoNews #BTC
$BTC