BlackRock is advancing its crypto ambitions with a new Bitcoin Premium Income ETF.
Unlike traditional funds, this ETF will focus on yield generation by selling covered call options on Bitcoin futures, prioritizing steady payouts over full Bitcoin exposure.
The Delaware-registered trust is preparing SEC submissions, signaling another step toward mainstream crypto adoption.
BlackRock’s success with its iShares Bitcoin ETF, which amassed over $60 billion, underscores the firm’s influence. This initiative could set trends in U.S. finance and push rivals to follow.
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