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International Business Times
International Business Times
Business
Isaiah McCall

BlackRock Built a Bitcoin ETF That Cuts You a Monthly Check

Bitcoin BlackRock IBIT ETF

BlackRock just filed to launch a Bitcoin fund that pays you to own it. On June 10, the world's largest asset manager submitted what Bloomberg's Eric Balchunas called a likely-final amendment for the iShares Bitcoin Premium Income ETF, ticker BITA, structured as a Delaware trust and set to trade on Nasdaq.

The pitch is to hold Bitcoin exposure, collect a regular paycheck, and pay a 0.65% fee to do it.

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