BlackRock files for iShares Bitcoin Managed Protection ETF with ticker PBIT
BlackRock has submitted a registration statement to the SEC for the iShares Bitcoin Managed Protection ETF, a buffer fund designed to provide downside protection while capping upside exposure to its flagship bitcoin trust.
Asset manager BlackRock has filed a Form N-1A registration statement with the U.S. Securities and Exchange Commission to launch the iShares Bitcoin Managed Protection ETF under the proposed ticker PBIT. The filing, submitted through iShares Trust on October 19, 2026, marks the firm's third investment fund tied directly to bitcoin.[1][2][3][5]
According to the registration filing, the proposed fund seeks to provide upside exposure to the iShares Bitcoin Trust ETF (IBIT) or similar bitcoin exposure up to an approximate limit while seeking to deliver a degree of downside protection. Described as a buffer ETF by Bloomberg analyst James Seyffart, the strategy requires investors to forfeit a portion of potential market gains in exchange for capped downside risk.[3][5][4]
To achieve its protective structure, the fund plans to buy and sell call options on IBIT while holding fixed-income instruments to help cushion against market drawdowns, according to Coin Bureau. Filing disclosures show other expenses listed at 0.00%, while the fund's management fee remains unfinalized.[2][5]
Key facts
- BlackRock filed a Form N-1A registration statement on October 19, 2026, for the iShares Bitcoin Managed Protection ETF under the ticker PBIT.
- The fund is designed as a buffer ETF that provides upside exposure to IBIT up to a limit while seeking a level of downside protection.
- The new ETF marks BlackRock's third fund tied to bitcoin, following IBIT and the covered-call fund BITA.
- The fund will buy and sell call options on IBIT and hold fixed income to help cushion losses, according to Coin Bureau.
- Filing documents list other operating expenses at 0.00%, while the exact management fee is not yet stated.
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- TB
The BlockArticle 路
BlackRock files for bitcoin ETF offering downside protection and upside exposure to IBIT One of the world's largest investment managers, BlackRock has filed for another bitcoin fund, marking its third tied to the asset.
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Coin Bureau@coinbureauPost on X 路
馃毃HUGE: BlackRock officially files for a Bitcoin ETF designed to LIMIT losses. The iShares Bitcoin Managed Protection ETF would offer upside on its $65 BILLION IBIT up to a cap while seeking "a level of downside protection," per its SEC filing. IBIT and BITA, BlackRock's covered-call income fund, both remain exposed to Bitcoin's drops. This one would buy and sell call options on IBIT and hold fixed income to help cushion losses. Its proposed ticker is PBIT.
Open source - TB
The Block@TheBlockCoPost on X 路
THE BLOCK: BlackRock filed for the iShares Bitcoin Managed Protection ETF on Monday, which it says will give "downside protection" to its previously launched bitcoin ETF. "The Fund seeks to provide upside exposure to the iShares Bitcoin Trust ETF (IBIT) and/or similar bitcoin exposure up to an approximate limit, while seeking to provide a level of downside protection," the firm said in a filing to the SEC.
Open source - BL
BlockNews@blocknewsdotcomPost on X 路
馃毃 JUST IN: BlackRock files with the SEC to launch the iShares Bitcoin Managed Protection ETF, designed to offer investors Bitcoin exposure with downside protection. The proposed fund would track BlackRock鈥檚 existing Bitcoin ETF $IBIT or similar exposure, offering potential gains up to a set limit while seeking to reduce losses during market downturns.
Open source - JS
James Seyffart@JSeyffPost on X 路
BREAKING馃毃 @BlackRock just filed for another Bitcoin ETF. This one will be a "buffer" Bitcoin ETF which will means it will offer downside protection but investors will give up some upside to get that protection. Ticker will be $PBIT. https://t.co/302iMwn2fR
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