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BlackRock's Third Bitcoin Fund Filing Surfaces, Designed to Cushion Losses While Still Riding IBIT's Gains

BlackRock has filed for yet another bitcoin-linked fund, its third such product, aiming to offer downside protection while still letting investors capture the upside of its IBIT.

Sage Lo, Technology & Blockchain Research Editor
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BlackRock's Third Bitcoin Fund Filing Surfaces, Designed to Cushion Losses While Still Riding IBIT's Gains

Want to ride bitcoin's gains but not stomach the full losses on the way down? That's exactly the tension BlackRock's latest fund filing is targeting.

As one of the world's largest asset managers, BlackRock has filed for a new bitcoin fund, marking its third bitcoin-linked product. According to the design direction outlined in the filing, the fund aims to offer a degree of downside protection when bitcoin falls, while still allowing investors to participate in the gains of its spot bitcoin ETF, the iShares Bitcoin Trust (IBIT).

In other words, this isn't a fund that directly holds bitcoin—it's a repackaging of IBIT's price swings into an asymmetric risk exposure: capturing the gains on the way up while cushioning some of the losses on the way down. This kind of structure is common in options or derivatives-based products, but the filing itself doesn't disclose the specific mechanics, fees, or launch timeline.

As of now, no further public information is available regarding the fund's name, ticker, or listing timeline.

Tags#BlackRock#IBIT#比特幣ETF#加密貨幣基金

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