BlackRock’s BITA Bitcoin Covered-Call ETF Launches Tuesday, Targets 15%-25% Yield
BlackRock’s iShares Bitcoin Premium Income ETF, ticker BITA, is set to begin trading Tuesday after going effective Friday afternoon, with Nasdaq confirming the launch, according to Bloomberg ETF analyst Eric Balchunas. The fund is targeting a 15% to 25% annual yield while seeking to capture at least 70% of Bitcoin’s upside.
BlackRock also filed an amended registration for the bitcoin covered-call ETF setting a 0.65% fee, below leading covered-call fund peers. The structure would offer investors an income-focused way to gain exposure to Bitcoin rather than a fund designed solely to track the token’s price.
From the sources (4 posts)
@cointelegraph🔥 LATEST: BlackRock's Bitcoin Premium Income ETF $BITA could begin trading as soon as Thursday this week, according to Bloomberg ETF analyst Eric Balchunas.
@jseyffRT @EricBalchunas: $BITA went effective Friday afternoon. Launch imminent. Prob Thursday give or take a day. This is the much anticipated f…
@scottmelkerBLOOMBERG ETF ANALYST ERIC BALCHUNAS: "$BITA WENT EFFECTIVE FRIDAY AFTERNOON. LAUNCH IMMINENT."
@ericbalchunasALL SET: the iShares Bitcoin Premium Income ETF $BITA is launching TOMORROW (tue). Confirmed by Nasdaq. Also, the ETF will target 15-25% annual yield while trying to capture at least 70% of bitcoin's upside in process.