BlackRock has filed with the SEC for the iShares Bitcoin Managed Protection ETF (ticker PBIT), a 'buffer' fund that would limit initial losses to about 10% in exchange for capping gains. Instead of holding Bitcoin directly, it would buy call options on IBIT or similar exposure, sell higher-priced calls to offset costs, use three overlapping monthly tranches, and hold fixed-income investments. The management fee has not been set. On the same day, IBIT was the only one of 12 U.S. spot Bitcoin ETFs to post net inflows, at $665.2 million, while the group's total net inflows were $526.6 million. The funds had shed about $910 million over the previous two weeks as hotter-than-expected inflation data revived bets on another Federal Reserve rate hike.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Decrypt ↗
Keywords
bitcoinETFcapital flowsBlackRock
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/19/2026 | 81,938.40 |
| Change that session | -0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- Financial 'whales' are pouring money back into Bitcoin
BlackRock's crypto funds drew a net $7.9 billion of inflows in Q3, reversing $2.2 billion of outflows in the first half of 2026. Its digital asset holdings rose 63% to $79.6 billion by end-September from $48.8 billion at end-June, with $22.9 billion of the $30.8 billion gain coming from price increases. Still, assets remain 23% below the nearly $104 billion a year earlier, as market value losses of $30.6 billion over 12 months outweighed $6.3 billion of net inflows. CoinShares data show institutions held about 264,000 BTC through US spot bitcoin ETFs at end-Q2, up 1.3% from the prior quarter. The article notes that ETF ownership does not always signal long-term bets, as some positions may serve hedging or client asset management.
- BlackRock files for third Bitcoin ETF, still no Solana or XRP
BlackRock has filed a preliminary prospectus with the SEC for the iShares Bitcoin Managed Protection ETF (PBIT), which would mark its third Bitcoin ETF filing. Instead of holding Bitcoin directly, the fund would use options linked to IBIT across three overlapping sets, aiming for limited downside protection in exchange for capped gains. Each options tranche initially targets a maximum loss exposure of about 10%, before fees and expenses. BlackRock warned the fund offers no fixed protection start value, floor or cap, so investors could face bigger losses. IBIT, the largest spot Bitcoin ETF with $65.7 billion in net assets, and ETHA, with $8 billion, are already in BlackRock's lineup, while it has no US spot ETFs for Solana or XRP yet.
- BlackRock: 3 Key Takeaways for Long-Term Investors
BlackRock reported quarterly net inflows of $205 billion on its third-quarter 2026 earnings call on October 14, 2026, lifting assets under management to $15.5 trillion. Management highlighted three drivers: financing AI data centers through its GIP infrastructure and HPS private credit units, including a planned $14 billion Meta data center in Texas; organic base fee growth of 11%, extending nine consecutive quarters at or above its 5% long-term target; and record active ETF inflows, with iShares taking in $22 billion in the quarter and $60 billion of active inflows in 2026. Management said institutional clients are shifting toward private markets and technology-driven portfolio management as traditional banking channels face capital constraints.
- US Bitcoin ETFs draw $527M in biggest showing since September
US spot Bitcoin ETFs recorded $526.7 million in net inflows on Monday, their largest daily intake in nearly a month and the strongest since Sept. 22, after two weeks of net weekly withdrawals. BlackRock's IBIT led with $665.2 million in inflows, offsetting $83.6 million in withdrawals from Fidelity's FBTC and $54.9 million from Grayscale's GBTC, while other funds recorded no net flows. Despite the rebound, spot Bitcoin ETFs remain about $88 million negative for October. Spot Ether ETFs saw $103.3 million in net outflows on Monday, led by $95.4 million from BlackRock's ETHA, marking their third consecutive week of net withdrawals.
- U . S . Spot Bitcoin ETFs Lost About $910 Million in Two Weeks as October Flows Turned Negative :
U.S. spot bitcoin ETFs posted net outflows of $228.6 million in the week ended October 16, following a $681.1 million drain the week before, bringing two-week redemptions to roughly $910 million. October has turned negative, with the funds down about $615 million for the month after opening with roughly $293 million in inflows. Wednesday's selling coincided with a September CPI reading of 3.7%, above the 3.6% forecast, which revived bets on further Federal Reserve rate increases. Bitcoin briefly fell below $80,000, nearly $950 million in leveraged crypto positions were liquidated over 24 hours, and the asset closed Friday near $81,590. Even so, cumulative net inflows since the January 2024 launch remain $57.3 billion, with total net assets of about $104 billion.
Related markets
Latest news
- Amazon blocks agentic AI shopping. But Walmart is betting big that it's worth saying yes.
A Bank of America note led by Christopher Nardone, published Monday, argues Walmart stands to benefit if shoppers hand purchases to AI agents, citing its integration with multiple AI ecosystems, its own shopping assistant “Sparky” and partnerships including Meta's Muse. Walmart, Best Buy (BBY) and Ulta (ULTA) are among Muse's key partners, while some other retailers have blocked it. Amazon has blocked Muse from making purchases on its site and bars automated shopping tools, though it may not be losing much in sales since most people use AI mainly for research. Walmart's management, however, cannot say how popular shopping agents will become, and it is unclear how advertising, a growing business for Walmart, would be affected if screenless computers handle checkout.
- Stocks are driving consumption 'like never before' — and that exposes a big risk
In a note published Monday, Doug Peta, chief US investment strategist at BCA Research, argues the stock market is influencing the economy like never before. US household net worth reached over eight times disposable income at midyear, an all-time high, and the value of household equity holdings is nearly three times annual after-tax income. Peta estimates that a 10% gain in the S&P 500 over a year boosts household spending capacity as much as a 28% raise, making consumption more sensitive to equity moves. That sensitivity cuts both ways, as a future bear market could amplify spending pullbacks because households would feel vulnerable rather than wealthy.
- H.I.G. WhiteHorse Provides Financing to Be-Cloud and QualityHosting
H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, has arranged a debt package to finance QualityHosting's acquisition of Be-Cloud, with QualityHosting being a portfolio company of PSG Equity. The package also provides additional capital for the combined company's future growth and M&A strategy. Be-Cloud, founded in 2012 and headquartered in France, is a leading European Microsoft Cloud Solution Provider with more than 37,500 active end customers and over 1,000 reseller and MSP partners. QualityHosting, a German Microsoft CSP, serves more than 30,000 end customers and has about 1,000 reseller partners.
- Residential electricity prices may be set by peak and off-peak hours
Vietnam's Minister of Industry and Trade, Lê Mạnh Hùng, submitted to the National Assembly on the afternoon of October 20 a draft amendment to the Electricity Law. It would allow retail electricity to be priced by peak, off-peak and normal hours where technical conditions allow, with a roadmap for applying this to residential customers. The draft also sets out a plan to eliminate cross-subsidies between customer groups and proposes incentive pricing for renewable energy, new energy and storage systems. Nguyễn Thanh Hải, chair of the National Assembly's Committee for Science, Technology and Environment, asked that the scope and roadmap for removing cross-subsidies and electricity bill support be clarified, kept separate from direct aid to poor households, and that investment risks not be shifted to the State or the public. The committee also warned that the wording requiring full recovery of costs and reasonable profit could be read as the State guaranteeing investors' financial results.
- HoSE officially announces roadmap for transferring nearly 300 HNX-listed stocks to trading on HoSE
As of mid-October 2026, HNX had 299 listed stock codes with total market capitalisation of about 450,000 billion VND. On 20/10, HoSE announced the roadmap for reorganising trading of listed stocks under Circular 139/2025/TT-BTC, dated 30/12/2025, from the Ministry of Finance. The last trading day for all HNX-listed stocks is 23/12/2026, and the stocks being transferred will be suspended on 24 and 25/12/2026. From 28/12/2026, all listed stocks will trade on HoSE, and listed companies, market members and investors are urged to prepare in advance.
- South Korean IPO plunge deepens AI market jitters as brent tops $111
South Korean data centre company Elice (0158S0) closed at 60,500 won ($45.57) on its debut, down over 30% from its 90,500 won offer price, despite a retail offering oversubscribed more than 400 times. The IPO raised $151 million at a valuation of roughly $755 million, according to Bloomberg. The debut came as the KOSPI dropped almost 4% to 5,552, with Samsung Electronics and SK Hynix also falling, and CoreWeave (CRWV) slipped another 3% in U.S. pre-market trading. Investors are questioning the borrowing costs, debt levels and returns of AI infrastructure spending, while Brent crude topped $111 a barrel, its highest since May, amid Middle East supply and shipping concerns.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.