BlackRock seeks to shield bitcoin investors from losses after rival fund weathers 50% crash

BlackRock has proposed a bitcoin fund structure designed to limit investor losses, following a roughly 50% decline experienced by a rival fund. The approach signals growing demand for downside protection as asset managers seek to make bitcoin exposure more palatable to risk-averse investors. Any protection would depend on the fund’s specific design and would not eliminate bitcoin’s underlying volatility or guarantee against losses.