BlackRock Launches Bitcoin Income ETF with High-Teens Yield Target

Inside BlackRock's newest bitcoin ETF, BITA. Global Head of Digital Assets at BlackRock, Robert Mitchnick breaks down the launch of the firm's newest bitcoin ETF, the Bitcoin Premium Income Fund (BITA). He tells CoinDesk’s Jennifer Sanasie why the covered call strategy targets a high-teens income yield, which investors this product appeals to, and more. - Timecodes: 00:00 - BlackRock’s BITA Opens for Trade 00:20 - Why BITA Is the Right Next Evolution for Bitcoin’s Funds 01:10 - Staking vs. Covered Call Yield 01:48 - Who Is the Target Investor? 02:36 - In What Market Could BITA Outperform IBIT? - This episode was hosted by Jennifer Sanasie.