BlackRock seeks approval for protected Bitcoin ETF
BlackRock has asked the SEC to register PBIT, an ETF that aims to capture some of Bitcoin’s gains and cushion declines through options on IBIT. However, the protection is not guaranteed: potential gains will be limited, and investors could still lose some or all of their capital.
BlackRock has asked the SEC to register PBIT, an ETF that aims to capture some of Bitcoin’s gains and cushion declines through options on IBIT. However, the protection is not guaranteed: potential gains will be limited, and investors could still lose some or all of their capital.