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BlackRock's new bitcoin ETF lets institutions earn from volatility. There's a catch.
Key takeaways
- Black Rock is expected to debut a new bitcoin BTC$66,366.53 ETF later Tuesday.
- The i Shares Bitcoin Premium Income ETF (BITA) provides exposure to bitcoin's price by holding shares of BlackRock's existing spot bitcoin ETF, IBIT.
- That income is directly tied to bitcoin's volatility.
AI tarafından çevrildi3 min read Make preferred on Share Share this article Copy link X icon X (Twitter)Linked In Facebook Email Make preferred on Black Rock headquarters (Shutterstock)Summary Show This is an excerpt from Coin Desk newsletter 'Daybook.' Sign up here, if you haven't already.
Black Rock is expected to debut a new bitcoin BTC$66,366.53 ETF later Tuesday. The fund offers more than just exposure to the cryptocurrency, it is designed to generate additional income from bitcoin's volatility.
The i Shares Bitcoin Premium Income ETF (BITA) provides exposure to bitcoin's price by holding shares of BlackRock's existing spot bitcoin ETF, IBIT. It also generates income by selling call options against those holdings.
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