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BlackRock's Bitcoin Income ETF to Start Trading June 19 After SEC Effectiveness

BlackRock is set to bring a new Bitcoin-linked income product to market after the U.S. Securities and Exchange Commission declared the iShares Bitcoin Premium Income ETF (BITA) effective. The ETF is expected to begin trading on June 19. BITA will gain spot Bitcoin exposure through the iShares Bitcoin Trust (IBIT) and seek to generate monthly income by selling covered call options on up to 35% of its portfolio. The approach is designed to produce yield in the 8% to 12% range during volatile markets, while limiting potential gains if Bitcoin posts a sharp rally. Market participants say the structure could broaden Bitcoin's appeal for pensions, income-focused investors, and institutions prioritizing cash flow over pure price appreciation. Goldman Sachs is also reportedly preparing a competing Bitcoin income ETF, with an expected launch date of July 1.
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