BlackRock has applied to launch an ETF offering the returns of covered call options on Bitcoin based on IBIT.

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BlackRock has filed a registration statement with the US SEC to launch the iShares Bitcoin Premium Income ETF. The fund plans to directly hold Bitcoin to track the spot price, while generating option premium income through an actively managed covered call option strategy. It will primarily sell call options based on its existing IBIT Bitcoin ETF, and may also reference other Bitcoin-related ETP indices if necessary. (The Block)

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