Blackstone has turned IBIT into a wealth-management artifact by using options profit redistribution—the financial acumen of the old-timers is truly impressive.

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CoinNetwork
Coin World Network news: Blackstone has announced it will launch a new Bitcoin ETF called BITA. The ETF will generate income by selling options on its $49 billion IBIT fund, and distribute these premiums as returns to investors. The ETF is expected to go live on Thursday. Meanwhile, Goldman Sachs is also preparing to launch a competing Bitcoin income ETF on July 1.
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