BlackRock has proposed a Bitcoin-linked ETF that would use options to seek some protection against losses while giving up part of Bitcoin’s potential gains. The protection is not guaranteed or unconditional, and gains could be capped. Returns could depend on when shares are bought, as well as on Bitcoin’s price, options costs, fund expenses and changing market prices.
An SEC filing does not mean the fund has been approved or launched. Its fees, live portfolio and actual protection terms have not been specified in the excerpt.
