BlackRock Files for ‘Buffer’ Bitcoin ETF as IBIT Draws $665M in a Day
The iShares Bitcoin Managed Protection ETF would use options on IBIT to limit losses, in exchange for giving up some upside.
AI summary
BlackRock has filed for a new 'buffer' Bitcoin ETF, the iShares Bitcoin Managed Protection ETF, which would use options on its existing IBIT fund to cap losses at the cost of some upside. The filing comes as IBIT pulled in $665 million in a single day, underscoring continued institutional demand. A new options-based product from the world's largest asset manager signals further mainstreaming of Bitcoin exposure and could broaden the investor base, a modestly positive signal for BTC sentiment.
Narrative history
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1H AGOYou’re reading thisBlackRock Files for ‘Buffer’ Bitcoin ETF as IBIT Draws $665M in a DayDecrypt · Score 65
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2H AGOCointelegraph · Score 65 · via BlackRock files, files
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2H AGOCrypto Briefing · Score 65 · via $526.6M, inflows
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3H AGOThe Block · Score 75 · via $665M, draws $665M
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4H AGOBeInCrypto · Score 65 · via Since September, Biggest
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4H AGOCointelegraph · Score 75 · via ETFs draw, IBIT
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4H AGOU.Today · Score 75 · via BlackRock, Bitcoin ETF
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6H AGOCrypto Briefing · Score 65 · via iShares Bitcoin, iShares
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8H AGOBitcoin.com News · Score 75 · via Blackrock Files, Files
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12H AGOThe Block · Score 65 · via IBIT, BlackRock files
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12H AGOCrypto Briefing · Score 65 · via BlackRock files, iShares
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14 OCT · 04:33Crypto Briefing · Score 65 · via ETFs pull, pull
