BlackRock Debuts BITA Bitcoin ETF, Trading Partial Upside for Double-Digit Yield

BlackRock Debuts BITA Bitcoin ETF, Trading Partial Upside for Double-Digit Yield * * * By Edited by Jun 16, 2026 Jun 16, 2026 3 min read BlackRock. Image: Shutterstock/Decrypt Create an account to save your articles. Add Decrypt as your preferred source to see more of our stories on Google. * BlackRock unveiled an ETF that limits Bitcoin gains in exchange for double-digit payouts by selling call options on its holdings. * Under current market conditions, the ETF would offer "a mid-to-high-teens yield," according to BlackRock's Robert Mitchnick. * The ETF's debut comes after Goldman Sachs filed an application for a similar yield-generating product in April. BlackRock will begin offering an exchange-traded fund to investors that limits gains in exchange for double-digit payouts, the Wall Street giant announced on Tuesday. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: BlackRock's ETF introduces new yield options but doesn't significantly alter Bitcoin's market dynamics.