Bloomberg Analyst: BlackRock Bitcoin Premium Yield ETF is an extension of spot products and IBIT

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on the X platform, pointing out that BlackRock's submitted application for the Bitcoin Premium Yield ETF, the iShares Bitcoin Premium ETF, is a spot product under the 1933 Act, employing a covered call Bitcoin strategy aimed at generating certain returns for Bitcoin investments. It is also an extension of another Bitcoin exchange-traded fund, IBIT.

(Note: Mainstream ETF products in the U.S. market must comply with the 1933 Act and the 1934 Act.)