The robot says: THREE BITCOIN FUNDS. STILL ONLY TWO COINS.
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Monday, Oct. 19, 2026 · Nightline Edition
BlackRock filed for a third bitcoin ETF Monday, even though it still only offers bitcoin and ethereum.
@JSeyff wroteStill only have Bitcoin and Ethereum products -- no other cryptos.
The takeaway
A dry ETF filing drew more notice than any new coin would have.
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The robot says: THREE BITCOIN FUNDS. STILL ONLY TWO COINS.
Nightline Edition, 9:08 p.m. ETCovers 5:08 p.m. to 9:08 p.m. ET
BlackRock filed for a third bitcoin ETF Monday, even though it still only offers bitcoin and ethereum.
Published 9:08 p.m. ET by The CryptoLately.com Desk
OMG shows each post as plain text. X's script loads only when you ask.
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@JSeyff on XPosted
James Seyffart@JSeyffNotably, this is the third Bitcoin ETF filing from them. Still only have Bitcoin and Ethereum products -- no other cryptos. Also, this product will hold $IBIT as the underlying asset and will write/buy options around it to generate the defined outcomes. It will be a 40 Act fund.
BlackRock manages money for other people. It built a bitcoin fund called IBIT. IBIT trades on a stock exchange. On Monday, BlackRock filed new paperwork with the SEC. The filing asks for a new fund. Its name is the iShares Bitcoin Managed Protect ETF. Its ticker will be PBIT.
PBIT would work in a new way. It would hold shares of IBIT inside it. It would also trade options tied to IBIT's price. An option is a bet on a future price. Traders buy options instead of owning the coin itself. These options aim to limit PBIT's losses. They also cap how much PBIT can gain.
James Seyffart tracks ETFs for Bloomberg. He posted on X about the filing Monday night. He said this marks BlackRock's third Bitcoin ETF filing. He added, "Still only have Bitcoin and Ethereum products -- no other cryptos." His post drew 35 likes and 4 replies.
BlackRock's bitcoin and ether funds held $79.6 billion by September's end. Bitcoin traded near $81,465 Monday night. BlackRock already runs one other fund that sells options on bitcoin. That fund started trading back in June. PBIT would mark a third design built around the same two coins.
Why did this plain filing draw notice? BlackRock's name moves markets on its own. A new filing from the firm counts as a signal. Seyffart's post raised a sharp point calmly. Why build new funds instead of adding new coins?
What does this say about crypto people today? They treat a dry SEC filing as market news. A missing feature can draw more notice than a new one. Investors still want safer ways to hold bitcoin. They also want BlackRock to add more coins. For now, BlackRock keeps building new funds around the same two coins. The next filing will show if that pattern changes.
What it says about us
A dry ETF filing drew more notice than any new coin would have.
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