BlackRock Debuts BITA Bitcoin ETF, Trading Partial Upside for Double-Digit Yield – Decrypt
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 Goldman Sachs filed an application for a similar yield-generating product in April....
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