BlackRock seeks to shield bitcoin investors from losses after rival fund weathers 50% crash
BlackRock's proposed fund follows similar products from Calamos that helped investors avoid steep losses during bitcoin's selloff.
AI Summary
BlackRock has filed to launch a bitcoin-linked ETF designed to limit losses while allowing investors to benefit from price gains, similar to Calamos' protected bitcoin ETF, which lost only 1% during a significant bitcoin selloff. This new fund, named iShares Bitcoin Managed Protect ETF, aims to offer exposure to bitcoin's gains while offering protection against price drops. BlackRock's initiative comes as the price of bitcoin has dropped over 50% from its peak, highlighting the demand for protective investment strategies in the volatile cryptocurrency market.