BlackRock has filed to establish a Delaware trust company to support its proposed iShares Bitcoin Premium Income ETF. This new ETF aims to generate yield through a covered call strategy on Bitcoin futures. BlackRock's existing spot Bitcoin ETF, IBIT, has already amassed over $98 billion in assets under management, with more than $60 billion in inflows. Additionally, BlackRock has executed multiple 300 BTC transfers to IBIT via Coinbase Prime. New SEC regulations could shorten the ETF review period to 75 days, potentially expediting the approval of crypto-based investment products.
BlackRock Proposes Bitcoin Premium Income ETF with Covered Call Strategy
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