Key Takeaways
- • BlackRock filed for the iShares Bitcoin Managed Protect ETF (reported ticker PBIT), a fund designed to soften drops while capping some gains, according to The Block and CoinCentral; the cap and fee have not been set.
- • The filing would track IBIT, which holds over $65 billion, and is BlackRock's third Bitcoin fund filing.
- • Bitcoin trades at $83,111, 34.87% below its October 2025 record, per CoinMarketCap, with QCP Capital warning the $80,000 floor is at risk if stock markets keep selling.
- • Solana trades at $107.50, 64.59% below its January 2025 peak, after 10 straight days of outflows from SOL funds totaling close to $55 million in October, per CoinCentral.
- • The article is promotional: it primarily pitches the Pepeto presale, which it says has raised over $11.2 million, and its claims about projected returns are not independently verified.
Summary
BlackRock has filed for the iShares Bitcoin Managed Protect ETF, a product designed to soften losses in Bitcoin while capping some gains, according to The Block. The fund would track IBIT, BlackRock's existing Bitcoin ETF holding over $65 billion, and represents the firm's third Bitcoin fund filing. Per CoinCentral, the ticker is reportedly PBIT, while the gain cap and fee have not yet been set.
Bitcoin remains well below its prior peak. Per CoinMarketCap, BTC trades at $83,111, 34.87% under its October 2025 record. QCP Capital, cited by Cointelegraph, warned that the $80,000 level is at risk if equity markets continue to sell off, and BTC had recently been rejected near $83,062. Decrypt reported that Strategy bought 267 additional BTC on October 19, bringing its holdings to 848,517 coins.
Solana faces similar pressure. According to CoinCentral on October 20, SOL funds recorded 10 consecutive days of outflows, totaling close to $55 million in October, although the $100 level has held. SOL trades at $107.50, 64.59% below its January 2025 peak. Analyst Alejandro Arrieche, as cited in the source, sees potential upside to $150 if SOL closes a day above $114.
The article also promotes Pepeto, a meme token in presale that it describes as having over $11.2 million raised, with a stated price of $0.0000001902 and staking rewards at 160% APY. The publication cites a SolidProof audit and references Pepe's past performance per Decrypt and Cointelegraph. These promotional claims, including projected 500x returns, are unverified and not endorsed by the sources cited for market data; the piece itself states that nothing is promised.
Bitcoin remains well below its prior peak. Per CoinMarketCap, BTC trades at $83,111, 34.87% under its October 2025 record. QCP Capital, cited by Cointelegraph, warned that the $80,000 level is at risk if equity markets continue to sell off, and BTC had recently been rejected near $83,062. Decrypt reported that Strategy bought 267 additional BTC on October 19, bringing its holdings to 848,517 coins.
Solana faces similar pressure. According to CoinCentral on October 20, SOL funds recorded 10 consecutive days of outflows, totaling close to $55 million in October, although the $100 level has held. SOL trades at $107.50, 64.59% below its January 2025 peak. Analyst Alejandro Arrieche, as cited in the source, sees potential upside to $150 if SOL closes a day above $114.
The article also promotes Pepeto, a meme token in presale that it describes as having over $11.2 million raised, with a stated price of $0.0000001902 and staking rewards at 160% APY. The publication cites a SolidProof audit and references Pepe's past performance per Decrypt and Cointelegraph. These promotional claims, including projected 500x returns, are unverified and not endorsed by the sources cited for market data; the piece itself states that nothing is promised.
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