Crypto

BlackRock Debuts BITA Bitcoin ETF, Trading Partial Upside for Double-Digit Yield

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In brief

  • BlackRock unveiled an ETF that limits Bitcoin gains in exchange for double-digit payouts by selling call options on its holdings.
  • Under current market conditions, the ETF would offer “a mid-to-high-teens yield,” according to BlackRock’s Robert Mitchnick.
  • The ETF’s debut comes after…

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