{"id":"1792772691376-money-segment","slug":"blackrock-s-bitcoin-safety-net-etf","title":"BlackRock's Bitcoin safety net ETF","summary":"BlackRock did file for a third bitcoin ETF, the iShares Bitcoin Managed Protect ETF, which offers downside protection and capped upside. Tether's CEO claimed a 94% drop in Iran-linked stablecoin volumes, and France's AMF has added 64 unauthorized crypto websites to its blacklist so far in 2026.","publishedAt":"2026-10-23T16:24:51.376Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Lunch","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: BlackRock did file for a third bitcoin ETF, the iShares Bitcoin Managed Protect ETF, which offers downside protection and capped upside. Tether's CEO claimed a 94% drop in Iran-linked stablecoin volumes, and France's AMF has added 64 unauthorized crypto websites to its blacklist so far in 2026.\nSource: theblock.co, blockhead.co, amf-france.org (https://x.com/Neome_com/status/2112515112900628903)","claims":[{"verdict":"TRUE","summary":"BlackRock did file for a third bitcoin ETF, the iShares Bitcoin Managed Protect ETF, which offers downside protection and capped upside. Tether's CEO claimed a 94% drop in Iran-linked stablecoin volumes, and France's AMF has added 64 unauthorized crypto websites to its blacklist so far in 2026.","sourceName":"theblock.co, blockhead.co, amf-france.org","sourceUrl":"https://x.com/Neome_com/status/2112515112900628903","claim":"CRYPTO BREAKING NEWS: Only the latest. No repeats 💙 • BlackRock Files Third Bitcoin ETF With Downside Protection and Capped Upside • Tether CEO claims Iran-linked USDT volumes fell 94% due to wallet freezes • France Blocks 64 Crypto Websites as Global Crackdown Grows • https://t","author":"Neome.com (@Neome_com)"}]},"sources":[{"url":"https://x.com/Neome_com/status/2112515112900628903","name":"theblock.co, blockhead.co, amf-france.org","kind":"x","verdict":"TRUE","author":"Neome.com (@Neome_com)"}],"url":"https://oncast.fm/story/1792772691376-money-segment-blackrock-s-bitcoin-safety-net-etf","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1792772691376-money-segment-blackrock-s-bitcoin-safety-net-etf","cite":"Cite https://oncast.fm/story/1792772691376-money-segment-blackrock-s-bitcoin-safety-net-etf and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Adam","text":"BlackRock wants to sell you a Bitcoin ETF with a safety net."},{"host":"Bill","text":"And a ceiling. Let's not skip the ceiling."},{"host":"Adam","text":"Right. This is their third filing. The iShares Bitcoin Managed Protect ETF. Downside protection, capped upside."},{"host":"Bill","text":"So it's Bitcoin for people who are scared of Bitcoin."},{"host":"Adam","text":"Or, more precisely, institutions that have committee meetings about risk."},{"host":"Bill","text":"I can picture the compliance officer now. 'I need exposure, but I can't explain a drawdown to my board.'"},{"host":"Adam","text":"The mechanics are interesting. They use options to buffer the first chunk of losses, and in exchange, you give up some of the upside."},{"host":"Bill","text":"And BlackRock takes a fee for engineering it. Smart business. They're manufacturing exactly the product the market wants."},{"host":"Adam","text":"The question is whether the product is better than just... holding less Bitcoin and more cash."},{"host":"Bill","text":"It's complicated, and the cap can really sting in a big run."},{"host":"Adam","text":"But for portfolio managers, it's a way to get it past the risk committee. That's the real market."},{"host":"Bill","text":"Tether's CEO also claimed Iran-linked stablecoin volumes fell ninety-four percent because of wallet freezes."},{"host":"Adam","text":"That's a big number, and it comes from Tether itself. They're making a point about cooperation."},{"host":"Bill","text":"It's also exactly what a stablecoin issuer wants you to believe after years of pressure about illicit use."},{"host":"Adam","text":"Fair. And France's regulator added sixty-four more unauthorized crypto websites to its blacklist just this year."},{"host":"Bill","text":"The global squeeze is real. We keep seeing these announcements now."},{"host":"Adam","text":"It's a good time to be a compliance officer in Paris, I suppose."},{"host":"Bill","text":"The only people getting rich in crypto are the lawyers and the risk managers."},{"host":"Adam","text":"Speaking of exciting things, did you see Strive is supposedly listing a preferred stock on the Nasdaq?"},{"host":"Bill","text":"I saw the headline. Fifteen percent SATS preferred. Six hundred thirty million dollar IPO."},{"host":"Adam","text":"It's unverified. No official filing I can find yet."},{"host":"Bill","text":"So we treat it as a rumor mill story. But it makes sense. Strive is Ramaswamy's shop, they've been leaning into crypto and energy."},{"host":"Adam","text":"A fifteen percent preferred is a yield play. That signals they want income investors, not just the Bitcoin faithful."},{"host":"Bill","text":"The security lawyers will be busy. A preferred tied to a crypto strategy is... new."},{"host":"Adam","text":"Let's hold off until the filing drops. If it's real, the terms will tell us more than the headline."},{"host":"Bill","text":"Always the fact-checker. Fine."},{"host":"Adam","text":"Meanwhile, Mesh and Visa are reportedly partnering to let you spend crypto at a hundred seventy-five million merchants."},{"host":"Bill","text":"That's the second headline in this batch I can't verify anywhere. The account says it, but no official confirmation yet."},{"host":"Adam","text":"If it's true, it's a real bridge. Crypto balances acting like regular money at the point of sale."},{"host":"Bill","text":"The history of these crypto-to-Visa deals has been underwhelming. They get announced, then quietly die."},{"host":"Adam","text":"Because the hard part isn't the plastic. It's the tax, the volatility, and the accounting on every micro-transaction."},{"host":"Bill","text":"Every coffee purchase is a taxable event. Good luck selling that."},{"host":"Adam","text":"I'll believe the crypto debit card revolution when the first card issues an annual 1099 with a smile."},{"host":"Bill","text":"A smile is a lot to ask from a 1099."},{"host":"Adam","text":"And CME reportedly launching Bitcoin Cash and Uniswap futures. Again, unverified. But if they are, that's liquidity arriving for smaller coins."},{"host":"Bill","text":"Bitcoin Cash futures. In 2026. Someone still cares about that fork, apparently."},{"host":"Adam","text":"Institutional demand for alt exposure is what CME is testing. The regulated wrapper is the whole point."},{"host":"Bill","text":"It worked for Ether. Now they're going down the market cap list. Uniswap makes sense. Bitcoin Cash? A nostalgia pick."},{"host":"Bill","text":"The account that posted the BlackRock story also mentioned Shiba Inu slipping below point zero zero zero zero zero five."},{"host":"Adam","text":"I'm not reading that decimal out loud again. The point is: meme coins are fading."},{"host":"Bill","text":"And Rakuten planning a coin giveaway. That's a Japanese giant using tokens as marketing."},{"host":"Adam","text":"It's all part of the same shift. The serious crypto world is moving toward regulated, structured products. The meme carnival is losing steam."},{"host":"Bill","text":"You'll still get the occasional dog coin pop. But capital is going where the adults are."},{"host":"Adam","text":"And BlackRock is there waiting, with a cap and a floor, ready to charge for peace of mind."}]}