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BlackRock has launched a bitcoin income ETF with a yield target in the high-teens, CoinDesk reported.
The product takes $BTC — an asset that generates no native cash flow — and wraps it in a structure designed to pay out income to shareholders.
The Core Tension: Yield From a Non-Yielding Asset Bitcoin does not pay dividends or interest.
Any income an ETF generates from $BTC exposure must therefore come from a mechanism layered on top of the underlying asset, not from the asset itself.
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