BlackRock files new amendment for yield-generating bitcoin ETF; launch expected soon, Bloomberg analyst says
Hex37's read
- BlackRock filed an amendment for a yield-generating Bitcoin ETF.
- The ETF will use active covered call strategies.
- It will generate yield on IBIT shares and ETP indices.
- Bloomberg analyst expects a launch soon.
What it means for traders
- Potential for increased demand for BTC as yield-generating products emerge.
- Covered call strategy may lead to increased volatility in BTC price.
Affected markets
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