Bloomberg Analyst: BlackRock Bitcoin Premium Income ETF is an extension of spot products and IBIT
Eric Balchunas, a senior ETF analyst at Bloomberg, pointed out in a post on X platform that the iShares Bitcoin Premium ETF, an ETF for Bitcoin premium income that BlackRock has applied for, is a spot product under the 1933 Act. It adopts a covered call Bitcoin strategy, aiming to bring certain returns to Bitcoin investments, and is also an extension of another Bitcoin exchange-traded fund IBIT.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NASDAQ TRADE HALT <XRPNU.O> VOLATILITY TRADING PAUSE AT 11:55 AM
Sangoma Technologies Corp. Price Target Cut to C$7.35/Share From C$8.00 by TD
Fortis Inc. Is Maintained at Overweight by Barclays
Canada GDP Indicates Recovery After Stalling in July -- 2nd Update
Crypto prices
More
