BlackRock Debuts iShares Bitcoin Premium Income ETF (BITA)
BlackRock has rolled out the iShares Bitcoin Premium Income ETF (BITA), The Block reported. The ETF holds spot Bitcoin and shares of BlackRock's iShares Bitcoin Trust ETF (IBIT), while writing call options on about 25% to 35% of its IBIT position to collect option premium income and distribute it to investors. BITA is set to trade on Nasdaq and carries a 0.65% sponsorship fee. The product targets investors looking for Bitcoin exposure paired with an income component.