BlackRock filed with the U.S. Securities and Exchange Commission on Oct. 19, 2026, for a proposed Bitcoin Managed Protection ETF linked to its iShares Bitcoin Trust (IBIT). The proposal has been identified as the iShares Bitcoin Managed Protection ETF in the existing filing record and surfaced under the product name Bitcoin Managed Protection in the SEC’s EDGAR system. It is intended to modify the return profile of IBIT exposure by seeking downside protection, although the filing does not publicly confirm whether the strategy would use options overlays, a buffer structure or another derivatives approach. BlackRock has not disclosed final protection parameters, a ticker, fees, a prospectus or a launch timeline. The proposal must clear SEC review, become effective and list on an exchange before shares can trade. The filing follows BlackRock’s June 2026 launch of the iShares Bitcoin Premium Income ETF (BITA), which seeks yield by selling call options on IBIT. IBIT launched in January 2024 and is the market leader among U.S. spot bitcoin exchange-traded products, with assets in the tens of billions and heavy trading volume. BlackRock’s digital-asset ETF assets reached approximately $80 billion in the third quarter of 2026. The proposed fund would add a risk-mitigation strategy alongside IBIT’s direct exposure and BITA’s income-focused approach.