BlackRock filed with the SEC around 10/19 for the iShares Bitcoin Managed Protection ETF (proposed ticker: PBIT)
The fund is expected to use layered IBIT-related options alongside short-term Treasuries/cash, without directly holding bitcoin. The initial protection level for a single tranche is expected to be around 90% of the reference price, providing roughly 10% of downside protection before fees while limiting upside. The fund will use three rolling tranches and will not provide shareholders with a fixed floor or cap.
The management fee, listing exchange, and launch date have not yet been specified. The 75-day review window could end as early as 2027-01-02.
Filing does not mean approval or that the fund is listed.
$BTC #比特币 #ETF #BlackRock
The fund is expected to use layered IBIT-related options alongside short-term Treasuries/cash, without directly holding bitcoin. The initial protection level for a single tranche is expected to be around 90% of the reference price, providing roughly 10% of downside protection before fees while limiting upside. The fund will use three rolling tranches and will not provide shareholders with a fixed floor or cap.
The management fee, listing exchange, and launch date have not yet been specified. The 75-day review window could end as early as 2027-01-02.
Filing does not mean approval or that the fund is listed.
$BTC #比特币 #ETF #BlackRock
