BlackRock Files for ‘Buffer’ Bitcoin ETF as IBIT Draws $665M in a Day
Summary
Asset manager BlackRock has submitted an application to introduce a new exchange-traded fund designed to restrict potential losses by trading options on its existing spot Bitcoin product. This development follows a massive single-day inflow of six hundred sixty-five million dollars into its flagship Bitcoin fund.
The iShares Bitcoin Managed Protection ETF would use options on IBIT to limit losses, in exchange for giving up some upside.
Source: Read the full story at Decrypt
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