BlackRock Bitcoin Premium Income ETF BITA Near Launch With 0.65% Fee and Covered Calls on 25% to 35% of Assets

BlackRock has filed an amended registration for its Bitcoin Premium Income ETF ticker BITA with a 0.65% fee, aiming to generate income by selling covered call options on about 25% to 35% of assets and distributing earnings to investors. The filing says upside may be limited during sharp Bitcoin rallies, and seed funding plus initial purchases of Bitcoin and IBIT shares suggest listing is near.