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BlackRock files for options-based Bitcoin ETF as IBIT draws $665 million in a day
BlackRock filed for a third Bitcoin ETF that uses options to limit losses, as US spot Bitcoin ETFs took in $527 million led by $665.2 million into IBIT.
Whalemap News
1 min read · ·
BlackRock has filed for a third Bitcoin fund, the iShares Bitcoin Managed Protection ETF, Decrypt reported. The fund would use options on IBIT to limit losses in exchange for giving up some upside. Cointelegraph noted the filing adds another strategy to BlackRock's Bitcoin and Ether lineup, which still has no Solana or XRP products.
The filing came as US spot Bitcoin ETFs drew $527 million in net inflows in a single day, the largest total since September, according to Cointelegraph. BlackRock's IBIT accounted for all of the gain with $665.2 million, its highest daily intake since October 2025, The Block reported.
The rest of the field was flat or negative. Fidelity's FBTC saw $83.6 million leave and Grayscale's GBTC lost $54.9 million, according to CoinDesk.
Min Jung, an associate researcher at Presto Research, told The Block that investors could be positioning for a potential catch-up trade in bitcoin.
Why it matters
Net ETF inflows tend to translate into spot bitcoin purchases by issuers, which can tighten exchange supply. A downside-protected product built on IBIT could draw more cautious investors into bitcoin exposure, though its demand would flow through options and IBIT holdings and depends on regulatory approval.
Based on reports from
- CoinDesk: Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
- Cointelegraph: US Bitcoin ETFs draw $527M in biggest showing since September
- The Block: BlackRock’s IBIT Bitcoin ETF draws $665 million inflow, highest since October 2025
- Cointelegraph: BlackRock files for third Bitcoin ETF, still no Solana or XRP
- Decrypt: BlackRock Files for 'Buffer' Bitcoin ETF as IBIT Draws $665M in a Day
- Bitcoin Magazine: BlackRock Files for Bitcoin ETF With Downside Buffer and Capped Upside
Written by AI from these reports and published automatically. Not financial advice. See where whales are buying on the Whalemap terminal.
