BlackRock Files For Third Bitcoin ETF With Protection
Investment manager BlackRock has filed for another bitcoin fund, marking its third vehicle tied to the asset.
BlackRock has filed for a new bitcoin-managed fund designed to offer downside protection and upside exposure to its existing iShares Bitcoin Trust ($IBIT), according to TheBlock. The filing represents the investment manager's third fund tied to the digital asset.
Third Bitcoin Filing
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The proposed product expands BlackRock's digital asset offerings by incorporating structured downside mechanics alongside exposure to its spot bitcoin exchange-traded fund. The firm continues to build out its suite of crypto-linked investment vehicles.
Key facts
- BlackRock filed for a new bitcoin-managed fund offering downside protection and upside exposure.
- The product is tied to BlackRock's iShares Bitcoin Trust ($IBIT).
- This filing marks the firm's third fund tied to bitcoin.
Source: theblock.co
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