BlackRock targets conservative investors
Introduces the “PBIT” ETF for investing 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 offer 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 providing a buffer against losses in bearish scenarios, investors give up some of the uncapped returns during bullish 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 filing, BFA will cover most of the fund’s operating expenses, excluding the management fee, taxes, and extraordinary transaction expenses.
#CryptoNews #BTC
$BTC
Introduces the “PBIT” ETF for investing 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 offer 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 providing a buffer against losses in bearish scenarios, investors give up some of the uncapped returns during bullish 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 filing, BFA will cover most of the fund’s operating expenses, excluding the management fee, taxes, and extraordinary transaction expenses.
#CryptoNews #BTC
$BTC