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BlackRock has launched BITA, a covered-call Bitcoin ETF designed to generate monthly income for investors.
The product layers an options strategy on top of Bitcoin exposure, collecting premium by systematically selling call options against the fund's holdings — a structure that trades away some upside in exchange for regular cash distributions.
It represents BlackRock's latest move to expand its Bitcoin product line beyond straightforward spot ownership.
What a Covered-Call ETF Actually Does A covered-call strategy works by holding an asset — in this case, Bitcoin exposure — while simultaneously selling call options against that position.
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