BlackRock Launches Bitcoin Income ETF with High-Teens Yield Target

Global Head of Digital Assets at BlackRock, Robert Mitchnick breaks down the launch of the firm's newest bitcoin ETF, the Bitcoin Premium Income Fund (BITA). He tells CoinDesk’s Jennifer Sanasie why the covered call strategy targets a high-teens income yield, which investors this product appeals to, and more. - Timecodes: 00:00 - BlackRock’s BITA Opens for Trade 00:20 - Why BITA Is the Right Next Evolution for Bitcoin’s Funds 01:10 - Staking vs. Covered Call Yield 01:48 - Who Is the Target Investor? 02:36 - In What Market Could BITA Outperform IBIT? - #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk... CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter:   / coindesk   LinkedIn:   / coindesk   Instagram:   / coindesk   Facebook:   / coindesk   Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkv... Public Keys: https://open.spotify.com/show/1rqYzRV... Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8B... The Policy Protocol: https://open.spotify.com/show/3Fh8ffu...