BLACKROCK FILES FOR BITCOIN ETF WITH 10% DOWNSIDE PROTECTION BlackRock has filed with the SEC for its proposed iShares Bitcoin Managed Protection ETF ($PBIT), targeting Bitcoin upside with a potential 10% initial downside buffer per tranche. Key Details: ▪️ Upside gains will be capped. ▪️ Strategy uses Bitcoin-linked options and fixed-income assets. ▪️ BlackRock’s $IBIT holds over $65 billion in net assets. SEC approval is pending. The 10% buffer does not guarantee protection against all losses.