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BlackRock Plans Bitcoin ETF With Downside Protection
Original: BlackRock Wants to Give Bitcoin Investors ‘Downside Protection’ With New ETF: Here’s How It Works
BlackRock is developing a new bitcoin exchange-traded fund designed to offer investors downside protection, limiting losses if the cryptocurrency's price falls. The world's largest asset manager has led the push to bring bitcoin into mainstream portfolios, and a structured product that cushions investors from sharp drops would mark a further step in making crypto exposure safer for institutional and retail money.
Why now: BlackRock's move to package bitcoin with loss protection signals growing mainstream demand for safer crypto investment products.
Evidence
- BlackRock Wants to Give Bitcoin Investors ‘Downside Protection’ With New ETF: Here’s How It Works · Benzinga
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