BlackRock Lists BITA on Nasdaq; Onchain Data Shows MARA Bought $66.7M of Bitcoin

BBX News — BlackRock's iShares Bitcoin Yield ETF (Nasdaq: $BITA) began trading on Nasdaq on June 16, billed as the first bitcoin "yield" ETF launched by a major asset manager. The product uses an actively managed covered-call approach: it holds bitcoin and shares of iShares Bitcoin Trust (IBIT) while selling call options on up to 35% of its IBIT position. BlackRock targets a 15%–25% annualized yield and aims to retain at least 70% of bitcoin's upside. The ETF charges a 0.65% management fee and pays distributions monthly. The SEC cleared the fund on the evening of June 15. BBX said the launch comes about two weeks ahead of a similar product expected from Goldman Sachs. Separately, on June 16, onchain tracking data indicated MARA Holdings (Nasdaq: $MARA) purchased 1,000 BTC, worth about $66.7 million, through FalconX at an average price near $66,700. MARA has not issued an official statement, and the information is based on blockchain monitoring. MARA shares rose about 3.98% on the day to above $14.60. In the first quarter, the company sold roughly 20,880 BTC (about $1.5 billion) to repay debt and manage liquidity. Source: bbx.com