BITA holds bitcoin and BlackRock’s bitcoin ETF (IBIT) and generates income by selling call options on up to 35% of those IBIT 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.