BlackRock has launched another Bitcoin ETF, but there is still no sign of an XRP ETF. What’s going on?
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According to CoinWorld, BlackRock has filed an application for the Bitcoin Premium Income ETF, an actively managed fund that will generate income by selling call options on its IBIT shares and occasionally selling call options on ETP indices tracking spot Bitcoin. This is the company's third major cryptocurrency ETF, following its existing spot Bitcoin fund and Ethereum fund. Despite the success of XRP and Solana ETFs from other issuers, BlackRock remains focused on BTC and ETH, holding $69 billion and $10 billion in net assets, respectively. Analysts believe that this asset management company may eventually consider launching a multi-asset cryptocurrency index ETF.
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