[BlackRock Bitcoin Premium Yield ETF BITA to List Today] BlockBeats News, June 16: Bloomberg ETF analyst Eric Balchunas disclosed that Nasdaq has confirmed the BlackRock Bitcoin Premium Yield ETF (iShares Bitcoin Premium ETF) will begin trading today (June 16). The ETF's trading symbol is BITA. BITA is a highly anticipated follow-up to BlackRock's spot Bitcoin ETF, IBIT. BITA is a fund employing a covered call strategy, which holds Bitcoin while generating premiums by selling covered call options and distributing the income to investors, thereby converting Bitcoin's volatility into investment returns. The ETF targets an annualized yield of 15-25%, while allowing investors to capture at least 70% of Bitcoin's upside potential. [Original Link]