On June 10, BlackRock filed the final amendment with the SEC for its upcoming iShares Bitcoin Premium Income ETF (BITA).

▫️ The Core: Unlike standard spot ETFs, this fund is designed to generate regular yield by utilizing a covered call options strategy on Bitcoin.

▫️ The Terms: The management fee has been officially set at 0.65%.

▫️ Significance: The product allows institutional investors to earn passive income on Bitcoin even during flat or sideways market trends.

The disclosure of the management fee indicates that regulatory reviews are near completion. Listing on the Nasdaq is expected within the coming weeks.