The asset manager seeks approval for a yield-generating Bitcoin fund through a covered call option approach, expanding crypto investment choices for institutional and retail investors.
BlackRock has applied to launch a Bitcoin exchange-traded fund (ETF) employing a covered call strategy, which involves selling call options on Bitcoin holdings to generate income. This filing signals the firm's intent to broaden its suite of crypto investment products beyond traditional spot ETFs, offering investors a potential income stream alongside exposure to Bitcoin price movements.