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BlackRock's Bitcoin Premium Income ETF (BITA) Pays First Monthly Dividend, Annualized Yield Reaches 18.5%
The fund paid its first monthly dividend of $0.799235 per share on August 7th ET, representing an annualized yield of approximately 18.49% based on the Bitcoin trading price of about $64,484 at that time. BITA generates income by holding Bitcoin and selling covered call options, offering a new option for investors seeking Bitcoin exposure and wishing to earn income. The fund's assets have grown to $967.98 million.
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