BlackRock, a global financial services company, is reportedly planning to launch a new exchange-traded fund (ETF) that will invest in bitcoin. The iShares Bitcoin Premium Income ETF is expected to generate income by selling call options on IBIT shares and ETP indices.
The fund's shares will represent fractional interests in the income, bitcoin, IBIT shares, and cash. This innovative structure allows investors to gain exposure to a diversified portfolio of assets while potentially generating regular income.