From TokenPost · · 40s
BlackRock's IBIT Draws $665.2 Million
BlackRock's Bitcoin ETF pulls $665.2m as new protection fund files.
In brief
BlackRock's Bitcoin ETF pulls $665.2m as new protection fund files. BlackRock's IBIT attracted $665.2 million in net inflows on Oct 19 as it files for a Bitcoin fund designed to limit gains and losses. Originally reported by TokenPost.
BlackRock's IBIT Net Inflows
BlackRock's iShares Bitcoin Trust ETF (IBIT) drew $665.2 million in net inflows on Oct. 19.
New Bitcoin Protection ETF Filing
iShares Trust filed for a Bitcoin fund designed to soften losses while capping gains.
PBIT Fund Strategy
The proposed fund would buy and sell options tied to IBIT or similar Bitcoin exposure.
The main idea
BlackRock's IBIT attracted $665.2 million in net inflows on Oct 19 as it files for a Bitcoin fund designed to limit gains and losses.
