BlackRock could soon debut its iShares Bitcoin Premium Income ETF, according to a registration statement filed with the SEC on Friday.
The new ETF will track the "performance of the price of Bitcoin while providing premium income through an actively managed strategy of writing (selling) call options on IBIT shares and, from time to time, on indices that track spot bitcoin exchange-traded products ('ETPs'), including [iShares Bitcoin Trust] (such indices, 'ETP Indices')," the issuer said in its SEC filing.
In practice, this means the fund sells options that give other investors the right to b