Odaily reported, citing Cointelegraph, that BlackRock has submitted the latest amendment for its BTC covered call ETF BITA. The filing lists a target fee of 0.65%. In the reported product name, BTC refers to Bitcoin, while BITA is the fund ticker mentioned in the update.
A covered call ETF generally uses a strategy that involves holding an underlying asset or exposure while selling call options. The fee level is one of the main cost details investors use when reviewing a fund product. The key points disclosed in this update are the submission of the latest amendment and the stated 0.65% target fee; no additional terms were included in the provided report.
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