BlackRock Proposes Fund to Cushion Bitcoin Losses
Edited by Steinar Vigdel Kolnes, Editor, Oslo
BlackRock is proposing a fund aimed at limiting bitcoin losses after similar Calamos products helped protect investors during a sharp selloff, CoinDesk reported.
BlackRock is seeking to introduce a fund designed to cushion investors against bitcoin losses, according to CoinDesk. The proposed product would follow similar offerings from Calamos.
The Calamos products helped investors avoid steep losses during bitcoin's selloff. CoinDesk's headline described a rival fund as having weathered a 50% crash.
BlackRock's fund remains a proposal. The source did not provide details on its launch timing or the terms and limits of any downside protection.
Source: CoinDesk
