BlackRock Files for 'Buffer' Bitcoin ETF as IBIT Draws $665M in a Day

Crypto Insight Summary: The iShares Bitcoin Managed Protection ETF would use options on IBIT to limit losses, in exchange for giving up some upside. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: BlackRock's new ETF strategy could attract more institutional investors to BTC.