According to Decrypt, BlackRock has filed paperwork for a Bitcoin exchange-traded fund that would employ an options strategy on the IBIT token to manage downside risk. The proposed iShares Bitcoin Managed Protection ETF would use options contracts tied to IBIT in order to cap potential losses, while accepting reduced exposure to price increases. The structure involves giving up some upside potential in exchange for built‑in loss protection.
Meanwhile, the IBIT token attracted approximately $665 million of new investment within a single day, according to the source. No additional details about timing, size, investor type, or regulatory status were provided.
