Bloomberg Analyst: BlackRock Bitcoin Premium Income ETF is an extension of spot products and IBIT
Eric Balchunas, a senior ETF analyst at Bloomberg, pointed out in a post on X platform that the iShares Bitcoin Premium ETF, an ETF for Bitcoin premium income that BlackRock has applied for, is a spot product under the 1933 Act. It adopts a covered call Bitcoin strategy, aiming to bring certain returns to Bitcoin investments, and is also an extension of another Bitcoin exchange-traded fund IBIT.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XLM Holds Near $0.247 Support After Breaking Long-Term Descending Resistance
PEPE Stabilizes Between $0.054703 Support and $0.05504 Resistance in Narrow Trading Range
Bitcoin slips below key cost-basis levels amid declining ETF demand and weak spot activity
Strategy stock drops 10% amid Bitcoin volatility and trader debate
Trending news
MoreCrypto prices
More
