BlackRock launches iShares Bitcoin Premium Income ETF on Nasdaq (2 minute read) (opens in new tab)

BlackRock listed the iShares Bitcoin Premium Income ETF (ticker: BITA) on Nasdaq yesterday. BITA is an actively managed fund that holds spot bitcoin exposure via its IBIT ETF and sells call options against 25% to 35% of holdings each month to target a 15% to 25% annual yield. The fund carries a 0.65% expense ratio, undercutting rival covered-call bitcoin products. It received SEC clearance on the evening of June 15, moving it to market ahead of a near-identical Goldman Sachs product expected ...