finance
BlackRock Bitcoin Covered Call ETF Starts Trading on Nasdaq
The new fund, ticker $BITA, seeks annual yields of 15-25 percent through a covered call strategy on Bitcoin holdings.
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BlackRock's Bitcoin covered call ETF began trading on Nasdaq under the ticker $BITA. The fund is designed to generate annual yields between 15 and 25 percent. @CoinDesk reported that the ETF is issued by BlackRock and uses a covered call strategy on Bitcoin.
The product went live on the exchange today. The ETF trades under the ticker $BITA, according to the same report. Its structure combines Bitcoin exposure with options income aimed at the stated yield range.
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