BlackRock files for PBIT: a Bitcoin ETF that limits your losses but caps your upside “BlackRock wants to launch a Bitcoin fund that limits your losses. What’s the catch? It limits your upside. There’s no free lunch here.” “They have proposed an ETF called PBIT. This is not new, there are others, and this is very common outside the Bitcoin space.” “The proposed fund here would use options referencing IBIT or similar Bitcoin exposure alongside cash and fixed income investment. So protect your d…

October 20, 2026

@Scott Melker 400 Views