Funding
BlackRock Seeks to Offer Bitcoin Protection ETF
BlackRock, the world's largest asset manager, filed to introduce the iShares Bitcoin Managed Protect ETF. This proposed fund would provide exposure to bitcoin's gains while seeking to limit losses when the cryptocurrency falls. The fund would build on BlackRock's flagship iShares Bitcoin Trust, which manages over $65 billion in assets. Calamos Investments, which has offered similar protected bitcoin ETFs, uses a strategy of investing in U.S. Treasuries and buying bitcoin-linked options to limit losses over a defined period.