The BITA structure is interesting; selling call options to collect premiums + holding IBIT is like adding a yield filter to Bitcoin. Institutions are starting to compete for returns.

Crypto news, Blackstone Group has advanced the listing process of its Bitcoin Income ETF to a critical stage, submitting registration documents to the U.S. Securities and Exchange Commission (SEC). According to Form 8-A filed on June 11, Blackstone's iShares Bitcoin Income ETF is registered to list on Nasdaq, with the ticker symbol BITA. Bloomberg senior ETF analyst Eric Balchunas stated that Blackstone's application usually indicates an approval within a week, and it is expected that $BITA will go live next Thursday. The fund aims to combine Bitcoin-related investments with income generation, planning to collect option premiums by selling call options while holding assets related to Blackstone's iShares Bitcoin Trust (IBIT).