BlackRock files for third Bitcoin ETF, still no Solana or XRP

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AI Fusion Summary

BlackRock has filed for a third Bitcoin ETF, the iShares Bitcoin Managed Protection ETF, which utilizes options on IBIT to limit potential losses and gains. This strategy expands its existing Bitcoin and Ether ETF lineup. While IBIT recently attracted $665M in one day, the firm has not filed for Solana or XRP funds. The proposed buffer fund aims to protect investors from significant downturns in exchange for capping some of the potential upside gains.