BlackRock launched an ETF that limits Bitcoin gains in exchange for double-digit payouts by selling call options on its holdings.

BlackRock's iShares Bitcoin Premium Income ETF (BITA) is expected to begin trading June 18, offering covered-call income on IBIT at a competitive 0.65% fee.

BlackRock's iShares Bitcoin Premium Income ETF (BITA) launches on Nasdaq with a 15-25% yield target using a covered-call strategy on IBIT holdings.