BlackRock Introduces BITA: A New Bitcoin ETF with Income Generation Strategy
BlackRock has launched BITA, a Bitcoin ETF that employs a covered call strategy to generate income while holding Bitcoin and limiting potential gains.
Editorial Staff
1 min read
Updated about 23 hours ago
On June 16, 2026, BlackRock unveiled its latest Bitcoin ETF, named BITA. This fund not only holds Bitcoin but also includes BlackRock’s existing bitcoin ETF, IBIT.
BITA employs a covered call strategy, allowing it to generate income by selling call options on up to 35% of its IBIT holdings. This approach aims to provide investors with double-digit payouts.
However, this strategy also means that potential gains from Bitcoin are limited, as the fund trades some of its upside for the income generated through these options.