Bloomberg Analyst: BlackRock Bitcoin Premium Yield ETF is an Extension of Spot Products and IBIT
ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on X, pointing out that the iShares Bitcoin Premium ETF, a bitcoin premium income ETF submitted by BlackRock, is a spot product under the 1933 Act, adopting a covered call bitcoin strategy. It aims to bring certain returns to bitcoin investments and is also an extension of another bitcoin exchange-traded fund, IBIT.
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