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.