BlackRock has submitted an 8-A registration for a bitcoin income ETF, a final step before Nasdaq listing. The product is expected to debut next week, expanding institutional crypto investment options.
BlackRock launches the iShares Bitcoin Premium Income ETF (BITA) on Nasdaq, providing mid-to-high teens yield by selling call options on up to 35% of its BTC/IBIT holdings. The product targets financial advisors and institutional investors seeking income from Bitcoin exposure.
Strategy acquired 1,587 BTC for $100 million, bringing total holdings to 846,842 BTC. Funded by MSTR stock sales, the purchase lowers average cost to $75,656. Saylor hints more accumulation ahead despite recent small sale sparking debate.
Bitcoin's recovery from sub-$60K levels depends on US-Iran peace deal signing, analysts say. Swissblock on-chain metrics show weak momentum and OBV at bear market lows, indicating fragile price action. Failure of the deal may trigger a volatile sell-off.
Strategy, the largest public Bitcoin holder, purchased 1,587 BTC for $100 million, bringing its total to 846,842 BTC. The purchase, funded through MSTR stock sales, slightly reduced the average cost basis. The move underscores ongoing institutional accumulation despite BTC trading below cost basis.
BlackRock has submitted an 8-A registration for a bitcoin income ETF, a final step before Nasdaq listing. The product is expected to debut next week, expanding institutional crypto investment options.
BlackRock launches the iShares Bitcoin Premium Income ETF (BITA) on Nasdaq, providing mid-to-high teens yield by selling call options on up to 35% of its BTC/IBIT holdings. The product targets financial advisors and institutional investors seeking income from Bitcoin exposure.
Strategy acquired 1,587 BTC for $100 million, bringing total holdings to 846,842 BTC. Funded by MSTR stock sales, the purchase lowers average cost to $75,656. Saylor hints more accumulation ahead despite recent small sale sparking debate.
Bitcoin's recovery from sub-$60K levels depends on US-Iran peace deal signing, analysts say. Swissblock on-chain metrics show weak momentum and OBV at bear market lows, indicating fragile price action. Failure of the deal may trigger a volatile sell-off.
Strategy, the largest public Bitcoin holder, purchased 1,587 BTC for $100 million, bringing its total to 846,842 BTC. The purchase, funded through MSTR stock sales, slightly reduced the average cost basis. The move underscores ongoing institutional accumulation despite BTC trading below cost basis.
Binance counters a Reuters report claiming EU regulators may reject its MiCA license, stating the Greek authority HCMC found it compliant. The deadline for MiCA approval is June 30, with potential exclusion from the EU market if rejected, raising concerns about liquidity and competition.
