What's the Catch in BlackRock's New Bitcoin Yield ETF

BlackRock launched a new Bitcoin ETF that lets you earn a yield from volatility, targeting around 15% a year, which sounds exceptional until you see the catch It works by selling calls against their own iBid ETF, so if Bitcoin runs your upside is capped around 75%, and while you earn yield if it's flat or down, you're really being paid with your own upside, like a friend buying you lunch with money he took from your wallet #Bitcoin #BlackRock #ETF #Crypto