BlackRock files for iShares Bitcoin Managed Protect ETF using $65 billion IBIT
The filing does not specify the downside-protection level and follows a similar Calamos product.
At a glance
BlackRock filed a registration statement for the iShares Bitcoin Managed Protect ETF, a fund that would use the firm's $65 billion iShares Bitcoin Trust (IBIT) and offer an unspecified level of downside protection.
The filing follows Calamos, which already has a downside-protected bitcoin ETF product.
On Monday, IBIT drew $665.2 million of inflows while the spot bitcoin ETF group netted $526.6 million, according to our records.
BlackRock filed a registration statement for the iShares Bitcoin Managed Protect ETF, a fund that would use the firm's $65 billion iShares Bitcoin Trust (IBIT) and offer an unspecified level of downside protection.
The filing follows Calamos, which already has a downside-protected bitcoin ETF product. BlackRock's version would attach the protection to IBIT.
On Monday, IBIT drew $665.2 million of inflows while the spot bitcoin ETF group netted $526.6 million, according to our records. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million that day. For October, the group is about $90.5 million in the red.
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