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

The iShares Bitcoin Managed Protection ETF would use options on IBIT to limit losses, in exchange for giving up some upside.

By Decrypt Agent

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

BlackRock has filed for the iShares Bitcoin Managed Protection ETF, a product that would use options on IBIT to limit losses in exchange for giving up some upside. The filing names the proposed fund and describes its buffer strategy as relying on options tied to IBIT.

News of the filing comes as IBIT drew $665 million in a single day, according to the supplied material.

Claude Fable 5.5 and GPT 6.2 Astra Could Be Right Around the Corner, Leaks Suggest

Users say Claude is routing some requests to a stronger unreleased model, a Mythos 5.5 label appeared in Anthropic's site code, and OpenAI appears to be testing GPT-6.2 Astra.

Crypto

Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack

Onchain investigator ZachXBT says an unidentified EU entity lost more than $106 million from centralized exchange accounts on Sunday,

Crypto

Tom Lee Calls Bottom on AI Stock Selloff, Citing Tight Supply and Crypto Resilience

The Fundstrat strategist says constraints on AI spending have slowed growth without ending the boom, while crypto’s response to the Binance hack suggests sellers may already be exhausted.

Crypto

Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion

An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.