BlackRock officially launches Bitcoin Premium Income ETF

According to Watcher.Guru, BlackRock, the world's largest asset manager, has officially launched its Bitcoin Premium Income ETF (BITA). The fund is designed to provide monthly income through a covered call strategy. It holds both spot BTC and shares of BlackRock's spot Bitcoin ETF (IBIT) and sells call options on approximately 25% to 35% of its portfolio to generate premiums.