BlackRock Seeks to Protect Bitcoin Investors From Losses After Rival Fund Survives 50% Crash
Key Highlights: BlackRock has filed for a new protected bitcoin ETF, entering a space pioneered by Calamos, which launched its first three such funds in early 2025. Calamos’ protected bitcoin ETFs allocate roughly 90% of assets to U.S. Treasuries and use the remainder to purchase bitcoin-linked options, capping gains while limiting downside losses. BlackRock separately ...