BlackRock Begins Bitcoin Income Fund Built On Covered Calls

BlackRock today launched the iShares Bitcoin Premium Income ETF (Nasdaq: BITA), a new exchange-traded product that holds spot bitcoin and shares of the iShares Bitcoin Trust ETF (IBIT) while selling call options on a portion of those holdings to generate monthly income for investors.

The fund writes call options on roughly 25% to 35% of its IBIT holdings, collecting option premiums that are distributed to investors each month. 

The structure preserves the bulk of bitcoin exposure, allowing participation in price appreciation while producing an income stream — a combination that BlackRock says a growing portion of its client base has requested.

“A significant segment of…

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XRP Stages ‘Impressive Comeback’ With 13% Rally On Monday: Can It Continue?

XRP (CRYPTO: XRP) surged 13% following the U.S.-Iran peace deal as improving risk sentiment fueled a broad crypto market rally.

XRP Is The Strongest-Performing Major Crypto

Santiment data stated XRP’s notable rebound came after sentiment had fallen to some of its weakest levels of 2026, creating conditions for a rapid recovery once macro fears began to ease.

Data shows wallets holding at least 1 million XRP now control 74.1% of the token’s total supply.

Those large holders accumulated an additional 1.53 billion XRP over the past six months, signaling continued conviction among the network’s biggest investors despite recent price weakness.

Santiment said growing interest in Ripple’s…

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Will Bitcoin Hit $50,000? 3 Wall Street Firms Have 3 Different Answers

Galaxy Digital, NYDIG, and Standard Chartered each published in-depth Bitcoin (CRYPTO: BTC) bottom analysis this week—and reached three completely different conclusions on where the cycle low lands.

Galaxy Says Bottom Is Still Ahead Between $40,000 and $46,000

Galaxy examined 13 historical conditions that have always been present at prior Bitcoin cycle bottoms. 

Only four are fully met, two are partially met, and seven remain unmet.

The most sobering gap is in on-chain fundamentals, where several metrics show aggregate holders are not yet capitulating at the scale seen in 2018 or 2022.

The cycle clock adds weight to Galaxy’s bearish case.

Bitcoin historically bottoms 12 to 13 months…

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Bitcoin Tops $66,000, Ethereum, XRP Consolidate Gains As ETF Demand Turns ‘Crypto Winter’ Into Buying Opp

Industry experts argue that recent crypto ETF outflows reflect a maturing market rather than fading interest in digital assets.

A Different ‘Crypto Winter‘

Speaking on CNBC’s ETF Edge on June 16, CoinDesk Indices President David LaValle noted that the recent selloff and roughly $3 billion in outflows from Bitcoin exchange-traded products have led some investors to question the future of crypto.

However, he argued that ETF flows are behaving similarly to those seen in traditional asset classes. “They are serving both buy-and-hold investors and institutional holders.”

LaValle described the current downturn as a different type of crypto winter compared with previous cycles.

“This crypto…

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The SpaceX IPO Was Crypto’s Biggest Test Ever: Did It Pass? – SpaceX (NASDAQ:SPCX)

Perpetual Futures Passed The Test By Predicting Where SpaceX Would Open

Hyperliquid’s SPCX perpetual futures traded within what became the stock’s first-day range for most of the week before the IPO, giving traders a continuous 24-hour read on investor sentiment before Nasdaq opened. 

SpaceX closed its first day at $160.95, valuing the company at $2.2 trillion. The shares jumped another 20% to $192.46 Monday.

“The SpaceX premium was not a forecast,” said D2 Finance portfolio manager Luca Parlamento. “It was exposure that re-priced the second a cash market existed to re-price against. That is what pre-IPO perps actually are: a place to hold the opening basis until the bell.” 

Benzinga

Elon Musk Reacts To Beeple’s ‘1.3 Trillion’ Artwork Showing Him Dominating Jeff Bezos, Mark Zuckerberg An

Popular digital artist Mike Winkelmann, better known as Beeple, portrayed Elon Musk as a massive cyborg figure late Monday following his historic achievement as the world’s first trillionaire.

Musk Shows As Undisputed Tech Tzar

Beeple posted an artwork on X, titled “1.3 TRILLION,” celebrating Musk hitting a record net worth of $1.3 trillion after Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) IPO drove a sharp valuation surge.

The artwork showed Musk towering over a futuristic city with cheering crowds below. Inside the cyborg’s glowing chest chamber are portraits of rival tech figures, including Microsoft founder Bill Gates, Amazon founder and Executive Chair Jeff Bezos and…

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Peter Schiff Says ‘Bitcoin Isn’t Going To Zero’ During Debate With Anthony Pompliano: ‘Next, He Will Reve

Schiff Vs Pompliano

The two individuals with diametrically opposite views on Bitcoin faced off in a debate moderated by Fox Business.

At a point in the debate, Pompliano challenged Schiff to make a bet on whether Bitcoin would still be around in a decade.

“That’s an easy bet. If you think it’s going to go away, let’s make a little bet,” Pompliano told Schff.

“Well, I can’t. It’s not going to go to zero. Maybe,” Schiff responded.

Pompliano Claims It As A Win

Later on X, Pompliano spun Schiff’s remarks as a gotcha moment.

“I got Peter Schiff to admit Bitcoin is not going to zero on national television. Next, he will reveal he owns a bunch of Bitcoin too…,” Pompliano said.

Benzinga

Mark Cuban Says ‘Just Sell Em Memecoins’ To Brian Armstrong After Coinbase CEO Demands Reforms Of Investo

Armstrong Bats For Retail Investors Amid IPO Wave

Armstrong said on X that current rules unfairly restrict “retail investors” from early-stage private deals, forcing them to wait until IPOs, when much of the upside has already been captured.

“These rules were created with the best of intentions, to protect regular people from scams – a noble idea,” he added. “Unfortunately, in practice, they’ve often made it illegal to get richer, unless you’re already rich.”

His remarks follow the blockbuster stock market debut of Space Exploration Technologies Corp. (NASDAQ:SPCX), which operated as a private company for over 24 years.

Cuban Jabs Armstrong

Accredited investor rules are set…

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SpaceX Appetite Among Crypto Retail Investors Bigger Than Expected, Says Top Analyst—Points To Billions I

Influential analyst Ali Martinez spotlighted on Saturday the strong demand for Space Exploration Technologies Corp. (NASDAQ:SPCX) among cryptocurrency investors.

‘Demand Was Always There’

In an X post, Martinez said that the “appetite” for the newly listed space giant is “bigger” than what they expected.

The analyst cited CoinMarketCap data showing billions traded in SpaceX-linked cryptocurrency products across the market since the stock’s debut on Wall Street.

In the past 24 hours, approximately $11.9 billion in SpaceX derivatives were traded on cryptocurrency exchanges, of which Binance (CRYPTO: BNB) accounted for 26%.

“For years, retail investors had almost no way to get…

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Travala Wants To Be The Travel Infrastructure Layer For AI Agents – Avista (NYSE:AVA)

“A traveler can set up the AI concierge in two minutes via Claude. Once set up, they can ask the agent to make a hotel booking, which will quickly narrow down the options for the traveler based on their prompt, avoiding decision paralysis,” said Juan Otero, Travala’s CEO.

“The way we book travel is changing,” Otero said. Agentic bookings are the next iteration of the online experience, and will exist alongside traditional online bookings and human travel agents for at least the foreseeable future. But I think the online travel market is moving toward agentic commerce, even though it’s still very early days,” he said.

Travala true believers – and users – hold the company’s token, AVA….

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