BlackRock looks set to launch its new Bitcoin Premium Income ETF soon, after filing a key registration with the U.S. Securities and Exchange Commission. The fund, expected to trade as BITA on Nasdaq, aims to give investors both Bitcoin exposure and regular income. Bloomberg ETF analyst Eric Balchunas thinks the ETF could start trading as soon as next week. The fund will charge a 0.65% fee, which is lower than competing Bitcoin income funds, and will use options strategies to generate payouts.
Unlike regular spot Bitcoin ETFs, BITA will generate income by selling call options on shares of BlackRock’s iShares Bitcoin Trust (IBIT). Investors get premium income from these options but may miss out on some gains if Bitcoin’s price surges.
This strategy is similar to covered-call equity funds, which are popular with investors looking for income. The fund plans to write call options on about 25% to 35% of its portfolio at any given time.
BlackRock has already put nearly $10 million into the fund and started buying Bitcoin and IBIT shares. The trust now holds over 109 BTC and more than 90,000 IBIT shares, showing it is ready to operate.
This launch would be another step in Bitcoin’s growth as an investment asset. Instead of just offering price exposure, more companies are creating products that generate income from crypto assets.
Competition is heating up. Goldman Sachs has reportedly filed for a similar Bitcoin income product that may launch around July. Still, BlackRock’s large distribution network and strong position in the spot Bitcoin ETF market could give BITA an edge.
This filing highlights the growing demand from institutions for more advanced Bitcoin investment products that offer both digital asset exposure and steady income.
BlackRock filed an 8-A for the Bitcoin Premium Income ETF $BITA. That typically means launch in one week. So if I had to bet I’d say next Thur $BITA goes live. We’ll see tho. pic.twitter.com/jvJY8yhslh
— Eric Balchunas (@EricBalchunas) June 11, 2026
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment