BlackRock launches Bitcoin premium yield ETF BITA

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Mars Finance News, according to The Block, BlackRock has launched the iShares Bitcoin Premium Income ETF — BITA. The fund holds physical Bitcoin and BlackRock's iShares Bitcoin Trust ETF — IBIT, and sells call options on approximately 25% to 35% of its IBIT holdings to generate option premium income and distribute it to investors. BITA will be traded on Nasdaq, with a sponsor fee rate of 0.65%. The report states that this product is aimed at investors who want exposure to Bitcoin while focusing on income.
BTC-1.38%
IBIT-0.98%
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