BlockBeats message, April 1, Bloomberg ETF analyst Eric Balchunas revealed that the trading ticker for BlackRock’s upcoming iShares Bitcoin Premium ETF (iShares Bitcoin Premium ETF) is BITA. This follow-up, highly anticipated after BlackRock’s spot Bitcoin ETF IBIT, has not yet disclosed its management fee, which is expected to be 38 basis points.
Previously reported, the iShares Bitcoin Premium ETF is a fund that uses a covered call option strategy. Unlike traditional spot ETFs that passively track the price of Bitcoin, the iShares Bitcoin Premium ETF will hold Bitcoin while also selling covered call options to earn premiums and distribute returns to investors, thereby turning Bitcoin’s volatility into investment returns.
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