BlackRock’s BITA: A Bitcoin Income ETF Built on a 35% Covered Call Overlay

BlackRock’s iShares Bitcoin Premium Income ETF (BITA) mixes spot bitcoin and IBIT, writing calls on up to 35% of IBIT to seek yield. Here’s how that trade-off can shape returns.

Securitized Bitcoin Loans Open the Door to Institutions, with Ledn Seeing a Path to $1 Trillion

Ledn projects bitcoin-backed lending could approach $1T as securitization draws institutions. It claims 30% market share and originated $1.4B in 2025, signaling real traction.

Bitcoin holds $66K as HYPE hits $76 ATH, but ETF flows still lack real buy-in

Bitcoin steadies above $66K after the Iran truce and HYPE taps a $76 ATH, yet Wintermute and Bitfinex flag thin ETF conviction—price is rising while participation hesitates.

Bitcoin DeFi demand is whale‑heavy as TVL sinks, says Rootstock exec

DeFi TVL sank from about $180B to $70B in under a year. A Rootstock executive says Bitcoin DeFi demand clusters in a few deep pockets. Here’s what that concentration implies for builders and funds.

Hyperliquid’s Fee Flywheel Pulls $172M Into HYPE ETFs as Token Sets New High While Bitcoin ETFs Bleed

HYPE ETFs drew nearly $172M in a month as HYPE hit $75.96, +73% in a month and +196% YTD. Inside the buyback flywheel, USDC yield, and why institutions are rotating from Bitcoin ETFs.

France’s Capital B builds STRC‑style bitcoin credit note, signaling a new path for BTC treasury yield

France’s Capital B is developing a bitcoin credit instrument akin to Strategy’s STRC and Strive’s SATA—aimed at treasury-grade BTC yield with tighter risk controls and transparency.

Stop bottom-calling: Bitwise CIO urges focus on Bitcoin’s durable drivers as major firms eye next cycle

Bitwise CIO Matt Hougan says Galaxy, NYDIG, and Standard Chartered differ on Bitcoin’s bottom yet agree a new bull cycle is coming—focus on drivers, not guesses.

Saylor doubles down: Strategy adds 1,587 BTC for $100M, pushing holdings to 846,842 BTC (4%+ of supply)

Strategy purchased 1,587 BTC for $100M, lifting its stash to 846,842 BTC—over 4% of Bitcoin’s 21M cap and about $56B. Here’s what that concentration means for liquidity and price.

Bitcoin softness puts convertible-funded treasuries on a collision course with consolidation, says Strive CIO

Strive CIO Ben Werkman flags pressure on bitcoin-funded treasuries built on convertible debt. If BTC stays weak, expect refinancing strain, forced deals, and selective roll-ups.

ETFs as the default risk hollowing out Bitcoin’s core, warns Trezor’s CCO

Trezor’s Danny Sanders argues that making ETFs the easy button for bitcoin undermines self-custody—and says simplifying keys remains a major onboarding challenge.