Policy
BlackRock Files for Bitcoin ETF That Trades Capped Gains for a 10% Loss Floor
Unchained·October 20, 2026·1 min read
BlackRock filed for the iShares Bitcoin Managed Protection ETF, which would use options on IBIT to cap each tranche's starting loss at about 10% in exchange for a ceiling on gains. The structure trades capped upside for a defined downside floor, adding a new risk-management option for Bitcoin exposure.
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