BlackRock’s new bitcoin ETF, BITA, lets institutions earn from volatility. There’s a catch: Crypto Daily
In BITA’s case, if bitcoin rallies, the ETF benefits from its IBIT holdings, but the gains are capped by having to pay out on the calls. If BTC holds steady or falls, the call-writing premium offsets some of the decline. In effect, investors give up potential gains for a steadier stream of income. “By deploying...
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