BlackRock filed for its PBIT Bitcoin ETF, using IBIT options to limit downside losses and cap gains while offering investors managed Bitcoin exposure.
BlackRock's IBIT attracts $665M in a day as U.S. Bitcoin ETFs record $526.7M net inflows, signaling renewed institutional demand.
BlackRock's latest ETF filing brings buffered Bitcoin investing into focus.
BlackRock's proposed fund follows similar products from Calamos that helped investors avoid steep losses during bitcoin's selloff.
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