BLK · News · 20261020N
Bitcoin ETF Product Innovation
BlackRock, Inc. · 2026-10-20 · Importance 30 · Surprise 42 · In source text
BlackRock filed the iShares Bitcoin Managed Protection ETF, its third Bitcoin ETF, targeting investors seeking downside protection. The buffer strategy would use options on the iShares Bitcoin Trust ETF (IBIT), rather than holding Bitcoin directly, to limit losses beyond approximately 10% while capping upside gains. The filing follows strong demand for IBIT, including a reported $665 million inflow on Monday, and is expected to take effect in early January 2027.
Key facts
- BlackRock filed for the iShares Bitcoin Managed Protection ETF, described as its third Bitcoin ETF and a "buffer" fund designed to limit losses beyond approximately 10% using options on the iShares Bitcoin Trust ETF (IBIT) rather than direct Bitcoin holdings. source
- The filing for the iShares Bitcoin Managed Protection ETF is set to take effect in early January next year (relative to the filing). source
- BlackRock filed a proposed Bitcoin ETF referred to as "PBIT" that uses options to limit downside losses and cap upside gains.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | The filing for the iShares Bitcoin Managed Protection ETF is set to take effect in early January next year (relative to the filing). |