# BlackRock Files for Bitcoin ETF That Caps Gains to Cushion Losses

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/35326
Published: 2026-10-20T05:30:00.000Z
Updated: 2026-10-20T05:30:00.000Z
Section: Investing

> The proposed PBIT ETF would offer some downside protection in exchange for limited gains.

BlackRock has filed for a Bitcoin (BTC) ETF designed to cushion losses while capping gains, proposing a trade-off for investors who want some protection against bitcoin declines.

The proposed PBIT ETF is designed to cushion losses while limiting gains.

The planned fund aims to give investors some protection if bitcoin falls.

In exchange, investors would give up some potential gains if bitcoin rises.

BlackRock has proposed PBIT as the fund’s trading symbol.