Strategy Purchases More Bitcoin, Possibility of Rescinding Rule 611 | Bloomberg Crypto 6/16/2026

Watch on YouTube ↗  |  June 16, 2026 at 19:43  |  44:40  |  Bloomberg Markets
Speakers
Rick Rieder — CIO of Global Fixed Income at BlackRock
Robert Mitchnick — Head of Digital Assets, BlackRock
Shahmir Khaliq — Head of Services, Citi
Bloomberg Crypto — Reporter
Bloomberg News — Narrator
Muyao Shen — Crypto Reporter, Bloomberg
Nathan Dean — Senior US Policy Analyst, Bloomberg Intelligence
Anna — Senior Crypto Editor, Bloomberg

Summary

The episode covers Bitcoin and crypto markets amid macro relief, Strategy's latest Bitcoin purchase, and the launch of a BlackRock Bitcoin income ETF. Guests discuss tokenization of private shares (Citi's new product, SpaceX trading), potential SEC rule changes benefiting tokenized assets, and Binance's possible EU exit. Prediction market growth and crypto regulation outlook are also examined.

  • Bitcoin rises on US-Iran deal but remains 50% below all-time highs.
  • Strategy (MicroStrategy) adds to Bitcoin reserves but funding methods raise dilution concerns.
  • Citi launches tokenized depository receipts for pre-IPO private shares, targeting wealth and institutional investors.
  • BlackRock debuts a Bitcoin income ETF using covered calls on IBIT, targeting 15-20% yield.
  • SEC proposes to rescind Rule 611, potentially removing a barrier for tokenized securities.
  • Binance warns EU clients it may have to shut down services due to licensing deadline.
  • Prediction platform Kalshi sets new weekly volume record driven by World Cup betting.
  • Crypto regulation outlook: CLARITY Act seen likely to pass, providing long-sought clarity.
Ideas
Rick Rieder CIO of Global Fixed Income at BlackRock 2:17
Bitcoin going higher
He says they have reduced exposure today but still think Bitcoin is going higher, implying a bullish outlook despite near-term trimming.
BTC LOW
Shahmir Khaliq Head of Services, Citi 9:52
Citi leads tokenized private asset infrastructure
Citi is leveraging its market-leading depository receipts and custody capabilities to launch tokenized pre-IPO private shares, being first to market. This is part of a broader digital asset strategy moving the entire value chain on-chain, from payments to collateral, and positions Citi for considerable potential to continue playing a leading role as institutional adoption grows.
C MED
Robert Mitchnick Head of Digital Assets, BlackRock 32:24
New Bitcoin income ETF attractively yields
The new BlackRock Bitcoin Income ETF uses a covered call strategy on IBIT, targeting 15-20% annual yield and capturing 70% of Bitcoin upside. It appeals to conservative, income-focused investors, advisors, and institutions who previously avoided Bitcoin due to lack of yield, and can replace low-yielding gold or equity allocations. The product monetizes Bitcoin volatility, making it attractive in both up and down markets.
BlackRock Bitcoin Income ETF HIGH
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This Bloomberg Markets video, published June 16, 2026, features Rick Rieder, Shahmir Khaliq, Robert Mitchnick discussing BTC, C, BlackRock Bitcoin Income ETF. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Rick Rieder, Shahmir Khaliq, Robert Mitchnick  · Tickers: BTC, C, BlackRock Bitcoin Income ETF