BlackRock's new bitcoin income fund offers cash flow alongside BTC exposure (opens original article in a new tab)

BlackRock launched the Bitcoin Premium Income ETF (BITA) that provides bitcoin exposure while generating monthly income through a covered call strategy. The fund holds spot bitcoin and IBIT shares, selling call options on 25% to 35% of its portfolio to collect premiums. It targets income-focused investors, bitcoin holders seeking cash flow, and skeptics of non-yielding assets.

• BlackRock's BITA ETF offers bitcoin exposure with monthly income via covered call strategy
• The fund holds spot bitcoin and IBIT shares, selling call options on 25-35% of portfolio
• BITA targets income-focused investors, bitcoin holders seeking cash flow, and skeptics of non-yielding assets