BlackRock Files for Bitcoin Income ETF (BITA), Expected Launch on Nasdaq by June 18

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According to CoinDesk, BlackRock filed Form 8-A on June 12 for its iShares Bitcoin Premium Income ETF (BITA), with the fund expected to begin trading on Nasdaq by June 18. The filing registers securities for exchange listing and typically signals a launch within about a week. BITA will employ a covered-call strategy, selling call options on BlackRock's iShares Bitcoin Trust (IBIT), which holds $49 billion in net assets, to generate income. BlackRock announced a planned expense ratio of 0.65% for the fund, lower than comparable covered-call bitcoin ETFs currently trading.
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