BlackRock is moving closer to launching a bitcoin income exchange-traded fund as it advances the final procedural steps for a Nasdaq debut. The product is designed to turn exposure to bitcoin into a yield-generating strategy by selling call options on the asset manager's existing spot bitcoin fund.
Highlights
- BlackRock filed a Form 8-A for the iShares Bitcoin Premium Income ETF (ticker: BITA), signaling a likely Nasdaq launch as soon as June 18.
- BITA will generate income by selling call options on shares of IBIT, BlackRock's spot bitcoin ETF with $49 billion in net assets.
- The planned 0.65% fee undercuts competing covered-call bitcoin funds, positioning BlackRock competitively in the expanding crypto-linked income ETF market.
Nasdaq filing points to near-term launch
As reported by CoinDesk, BlackRock filed a Form 8-A on Thursday for the iShares Bitcoin Premium Income ETF, a share registration step that often comes shortly before an ETF begins trading. The filing covers the fund, which is expected to list on Nasdaq under the ticker BITA.Eric Balchunas, an ETF analyst at Bloomberg, says the filing typically signals a launch within about a week and indicates the fund could start trading on June 18. He also says BlackRock is racing a competing Goldman Sachs product, which is due to go live around July 1.
Earlier filings show the fund has been seeded and is already buying bitcoin and shares of BlackRock's iShares Bitcoin Trust, or IBIT, while also writing options. With the 8-A now filed, the main remaining step is for the registration to become effective.
Income strategy expands bitcoin ETF market
BITA is set to generate income by selling call options on shares of IBIT, BlackRock's spot bitcoin ETF with $49 billion in net assets. The strategy allows the fund to collect option premiums each month, while limiting some upside if bitcoin rallies strongly.The planned fee of 0.65% is below the 0.95% and 0.99% charged by the two largest covered-call bitcoin funds, positioning BlackRock aggressively in a growing niche of crypto-linked income products. The launch would extend the firm's push to package bitcoin for mainstream investors not only as a spot holding, but also as an income-oriented investment.
In our earlier BTBT price analysis, we examined Bit Digital’s stock as it traded with mixed short-term momentum but remained in a broader medium- and long-term bearish trend. The outlook pointed to likely sideways consolidation within the $1.61–$1.87 range, with downside risk still elevated unless the price could decisively reclaim resistance around $1.77.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
