BlackRock's Bitcoin ETF saw a record $214M outflow on June 7 driven by institutional profit-taking. Following this, the firm filed updates with the SEC to launch the iShares Bitcoin Premium Income ETF (BITA), which will utilize a covered-call strategy to generate yield. The new fund will primarily trade against the IBIT ETF and carries a 0.65% annual sponsor fee.
The world's largest asset manager filed to launch a new Bitcoin ETF that uses active covered call strategies to provide investors with regular income from crypto holdings.
Read the full storyBlackRock sets a 0.65% fee for its BITA fund, utilizing a covered-call strategy to generate yield from Bitcoin holdings.
BlackRock's IBIT fund saw a sharp $214 million single-day outflow, signaling a potential shift in institutional sentiment toward Bitcoin.