BlackRock’s proposed Bitcoin ETF would hold no Bitcoin or spot ETF shares

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 20 Oct, 10:50 UTC

BlackRock filed with the SEC on Oct. 19 for the iShares Bitcoin Managed Protection ETF (PBIT), a fund that would hold options and fixed-income securities and gain Bitcoin exposure through derivatives. The preliminary prospectus excludes direct Bitcoin and spot Bitcoin ETP holdings. The securities…