pull down to refresh

https://www.coindesk.com/markets/2026/06/12/blackrock-files-to-list-its-bitcoin-income-etf-with-expected-debut-next-week

This is news from last week but I didn't see it on SN let.

BITA, starts trading on June 18
BlackRock's fund will earn income by selling call options on BlackRock's iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF, with $49 billion in net assets. Each month, it will write options on a portion of its holdings and collect the premium as income.
The trade-off is upside, because selling the options caps how much the fund gains if bitcoin rallies. Its planned 0.65% fee undercuts the two largest covered-call bitcoin funds, which charge 0.95% and 0.99%.

Is this good for Bitcoin?

reply