BlackRock's BITA Bitcoin ETF launches on NASDAQ, targets 15-25% yield through covered-call strategy

BlackRock launches iShares Bitcoin Premium Income ETF to generate income from covered calls

BlackRock launched BITA, a covered-call Bitcoin ETF (June 16, 2026), writing options on 25-35% of holdings to generate monthly income (target 15-25% yield). This marks crypto's shift toward yield-focused institutional products, but caps upside during strong rallies—trade-off relevant for portfolio managers balancing income generation against market appreciation exposure.