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BlackRock submits PBIT Bitcoin ETF application

1 reports1 news sources1 days agoUpdated

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BlackRock has submitted a PBIT Bitcoin ETF application to the U.S. SEC. The product will use IBIT options strategies to limit losses and cap returns. Specific operational details of the application and regulatory approval progress have not yet been disclosed.

AI-generated from reports · 1 hr agoUpdated

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20 Oct
  1. English translation is being prepared.
    BlackRock Files for PBIT Bitcoin ETF, Will Use IBIT Options to Limit Losses and Lock in Gains

    BlackRock has submitted an application for the PBIT Bitcoin ETF, which will utilize IBIT options strategies to limit losses and cap upside gains. Specific operational details of the application and regulatory approval progress have not been disclosed.

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