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BlackRock, one of the world’s largest asset management firms, is introducing a new exchange-traded fund (ETF) focused on native Bitcoin. Trading on Nasdaq under the ticker BITA, the fund aims to provide investors with regular income by employing a "covered call" strategy, differing from traditional spot Bitcoin ETFs. The primary objective of BITA is to offer indirect exposure to Bitcoin while generating additional returns from option premiums. By selling call options on its Bitcoin holdings, the fund seeks to generate income and target annual returns of approximately 15% to 25% for investors.

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