BlackRock Files SEC Application for New Bitcoin ETF, Potentially Marking a Turning Point for Crypto Markets
Key Highlights: BlackRock has filed to launch a new Bitcoin buffer ETF under the ticker PBIT, using its existing iShares Bitcoin Trust (IBIT) as the underlying asset through options-based strategies. The fund will combine IBIT-linked call and sold options with cash and short-term fixed-income instruments to cap both downside losses and upside gains. This marks ...