BlackRock Files For Bitcoin ETF With Downside Buffer

BlackRock has filed for a brand new bitcoin exchange-traded fund which, if permitted, would cap traders’ upside whereas limiting their losses. 

The iShares Bitcoin Managed Safety ETF, or PBIT, would purpose “to create and handle bitcoin publicity,” in accordance with a Monday submitting with the Securities and Alternate Fee. 

It will work shopping for choices and fixed-income methods to offer traders regulated bitcoin publicity with capped upside and a few draw back safety — however not direct bitcoin possession. 

The fund would go well with traders who wish to spend money on bitcoin however not expertise all of the volatility that comes with the highest cryptocurrency. 

Bitcoin has attracted consideration for its wild value swings through the years however its volatility has dampened as extra traders have purchased into the area. 

However 2025 was the least risky 12 months for the asset and the bear market of 2026 has been its most shallow on file: in previous cycles, bitcoin’s value has dropped as little as 80% from its all-time excessive; this 12 months it shed simply 50% of its worth. 

BlackRock’s iShares Bitcoin Belief — IBIT — began buying and selling in 2024 after the SEC gave the inexperienced gentle to 11 spot bitcoin ETFs. 

Probably the most profitable of the ETFs by way of flows, the funding automobile has helped deliver bitcoin to Wall Avenue. Now merchants, establishments and retail traders can shortly purchase shares that monitor the value of the main cryptocurrency. 

They don’t want to fret about exchanges or storage of the digital coin, somewhat, BlackRock buys and holds the bitcoin whereas traders merely hit the purchase or promote button by way of their brokerage account. 

IBIT has essentially the most property underneath administration out of the bitcoin ETFs, at present dealing with $65.7 billion. 

On Monday, the fund acquired $665.2 million in recent funding as bitcoin patrons flooded again into the market. 

That’s the most important variety of shares purchased within the product since October 2025, when bitcoin notched a brand new all-time excessive, in accordance with Farside Buyers knowledge.