BlackRock iShares Bitcoin Yield ETF will be launched today
Foresight News reports that BlackRock iShares Bitcoin Income ETF (BITA) will launch today. BITA provides exposure to Bitcoin by directly holding spot Bitcoin and shares of BlackRock's flagship product, iShares Bitcoin Trust ETF. According to a statement released on Tuesday, the ETF also sells call options on approximately 25%-35% of its IBIT holdings to generate income, which is then distributed to investors.
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