{
  "version": 1,
  "event_id": "evt_08af92ed8a7478e8",
  "url": "https://xiyu.news/events/evt_08af92ed8a7478e8/",
  "json": "https://xiyu.news/api/events/evt_08af92ed8a7478e8.json",
  "type": "market_structure",
  "status": "monitoring",
  "category": "crypto",
  "title": {
    "zh": "贝莱德向SEC提交第三只比特币ETF（PBIT）申请",
    "en": "BlackRock files with SEC for third Bitcoin ETF (PBIT)"
  },
  "current_state": {
    "zh": "贝莱德向SEC提交了iShares比特币管理保护ETF（PBIT）的初步招股说明书，该基金将利用与其657亿美元现货IBIT基金挂钩的期权，以收益上限换取有限的下行保护，从而在其加密ETF产品线中新增第三只比特币相关产品，但未申请Solana或XRP敞口。",
    "en": "BlackRock filed a preliminary prospectus with the SEC for the iShares Bitcoin Managed Protection ETF (PBIT), which would use options linked to its $65.7B spot IBIT fund to offer limited downside protection in exchange for capped gains, adding a third Bitcoin-linked product to its crypto ETF lineup without filing for Solana or XRP exposure."
  },
  "first_seen_at": "2026-10-20T02:02:32.793211+00:00",
  "last_updated_at": "2026-10-20T09:34:29.693819+00:00",
  "last_material_change_at": "2026-10-20T09:34:29.693819+00:00",
  "confidence": 0.75,
  "updates_count": 2,
  "sources_count": 3,
  "entities": [
    "bitcoin-etf",
    "blackrock",
    "buffer",
    "day",
    "draws",
    "etf",
    "files",
    "ibit",
    "solana",
    "xrp"
  ],
  "identifiers": [],
  "topics": [
    "bitcoin-etf",
    "blackrock",
    "buffer-etf",
    "defined-outcome",
    "ibit",
    "options-strategy",
    "sec-filing"
  ],
  "updates": [
    {
      "update_id": "upd_f15e8638a0ebe9c9",
      "event_id": "evt_08af92ed8a7478e8",
      "occurred_at": "2026-10-20T00:15:02Z",
      "published_at": "2026-10-20T00:15:02Z",
      "first_seen_at": "2026-10-20T02:02:32.793211Z",
      "time_precision": "published",
      "update_type": "initial",
      "material_change": true,
      "title_zh": "贝莱德提交第三只比特币ETF申请，拟提供下行保护及IBIT上涨敞口",
      "title_en": "贝莱德提交第三只比特币ETF申请，拟提供下行保护及IBIT上涨敞口",
      "what_changed_zh": "贝莱德向美国SEC提交了iShares比特币管理保护ETF的申请文件，该基金将提供部分下行保护，同时为其旗舰IBIT比特币ETF提供有上限的上行敞口。",
      "what_changed_en": "BlackRock submitted a filing with the US SEC for the iShares Bitcoin Managed Protect ETF, which would offer partial downside protection while delivering capped upside exposure to its flagship IBIT bitcoin ETF.",
      "current_state_zh": "贝莱德向美国SEC提交了iShares比特币管理保护ETF的申请文件，该基金将提供部分下行保护，同时为其旗舰IBIT比特币ETF提供有上限的上行敞口。",
      "current_state_en": "BlackRock submitted a filing with the US SEC for the iShares Bitcoin Managed Protect ETF, which would offer partial downside protection while delivering capped upside exposure to its flagship IBIT bitcoin ETF.",
      "detailed_summary_zh": "BlackRock submitted a filing with the US SEC for the iShares Bitcoin Managed Protect ETF, which would offer partial downside protection while delivering capped upside exposure to its flagship IBIT bitcoin ETF.",
      "detailed_summary_en": "BlackRock submitted a filing with the US SEC for the iShares Bitcoin Managed Protect ETF, which would offer partial downside protection while delivering capped upside exposure to its flagship IBIT bitcoin ETF.",
      "background_zh": "",
      "background_en": "",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "",
      "market_impact_en": "",
      "importance_score": 7.5,
      "references": [],
      "confidence": 0.75,
      "story_ids": [
        "telegram:theblockbeats:201285",
        "rss:cointelegraph.com_rss:520fd50d55f2158d"
      ],
      "sources": [
        {
          "url": "https://m.theblockbeats.info/flash/372630?from=telegram",
          "label": "theblockbeats",
          "source_type": "telegram",
          "official": false
        },
        {
          "url": "https://cointelegraph.com/news/blackrock-ishares-bitcoin-managed-protection-etf-pbit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound",
          "label": "Cointelegraph",
          "source_type": "rss",
          "official": false
        }
      ]
    },
    {
      "update_id": "upd_e8a88b11ac08b5bb",
      "event_id": "evt_08af92ed8a7478e8",
      "occurred_at": "2026-10-20T09:13:30Z",
      "published_at": "2026-10-20T09:13:30Z",
      "first_seen_at": "2026-10-20T09:34:28.347434Z",
      "time_precision": "published",
      "update_type": "confirmation",
      "material_change": true,
      "title_zh": "贝莱德申请“缓冲型”比特币ETF，IBIT单日吸金6.65亿美元",
      "title_en": "BlackRock Files for 'Buffer' Bitcoin ETF as IBIT Draws $665M in a Day",
      "what_changed_zh": "新报道补充了该申请的细节：拟用代码PBIT，通过IBIT期权构建缓冲结构，分三批每月滚动，每批初始损失保护约10%，并依据1940年投资公司法注册；管理费尚未填写。",
      "what_changed_en": "The report adds details of the same SEC filing: proposed ticker PBIT, a buffer structure using IBIT options with three overlapping monthly tranches, roughly 10% initial downside protection per tranche, registration under the Investment Company Act of 1940, and an unfilled management fee.",
      "current_state_zh": "贝莱德已向美国SEC提交iShares Bitcoin Managed Protection ETF（拟用代码PBIT）的申请，该缓冲型ETF拟通过IBIT期权提供约10%的下行保护并限制上涨空间；申请仍处于待SEC审查阶段，尚未获批或推出。",
      "current_state_en": "BlackRock has filed with the US SEC for the iShares Bitcoin Managed Protection ETF (proposed ticker PBIT), a buffer ETF using IBIT options to provide roughly 10% downside protection while capping upside; the filing remains pending SEC review and has not been approved or launched.",
      "detailed_summary_zh": "BlackRock filed for the iShares Bitcoin Managed Protection ETF (PBIT), which would use options on IBIT to cap gains while limiting losses, as IBIT recorded $665.2 million in net inflows on Monday.",
      "detailed_summary_en": "BlackRock filed for the iShares Bitcoin Managed Protection ETF (PBIT), which would use options on IBIT to cap gains while limiting losses, as IBIT recorded $665.2 million in net inflows on Monday.",
      "background_zh": "",
      "background_en": "",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "",
      "market_impact_en": "",
      "importance_score": 7.5,
      "references": [],
      "confidence": 0.9,
      "story_ids": [
        "rss:decrypt.co_feed:4d3df2681b1ff721"
      ],
      "sources": [
        {
          "url": "https://decrypt.co/381385/blackrock-files-for-buffer-bitcoin-etf-as-ibit-draws-665m-in-a-day",
          "label": "Decrypt",
          "source_type": "rss",
          "official": false
        }
      ]
    }
  ]
}
