BlackRock’s Bitcoin income ETF could launch within weeks: Analyst

BlackRock filed for its iShares Bitcoin Premium Income ETF ($BITA), which could launch in "weeks, not months," per Bloomberg analysts. The hybrid ETF uses Bitcoin, IBIT shares, and cash with a covered call strategy to generate income. Coinbase is expected to serve as custodian. This product complements BlackRock's existing crypto lineup, potentially charging around 38 basis points in fees.