BlackRock Files New Amendment for Yield-Generating Bitcoin ETF
The filing sets a 0.65% fee and shows the fund is seeded and buying bitcoin and IBIT shares as BlackRock moves toward launch.
- On Wednesday, BlackRock filed the fourth amendment for its iShares Bitcoin Premium Income ETF with the Securities and Exchange Commission, with Bloomberg ETF analyst Eric Balchunas describing it as a likely-final step.
- Designed to generate income, BITA writes monthly call options on 25% to 35% of its portfolio value, allowing investors to receive steady income in exchange for giving up part of a large bitcoin price move.
- The fund's 0.65% sponsor fee undercuts rival covered-call products YBTC and BTCI, which charge 0.95% and 0.99% respectively, according to Bloomberg Senior ETF Analyst Eric Balchunas.
- Balchunas expects the fund to launch very soon, noting BlackRock is under pressure to beat Goldman Sachs to market, with Goldman's competing product due around July 1.
- BITA is positioned to trade on Nasdaq, while BlackRock's flagship IBIT controls $47.21 billion in assets and has transformed the spot bitcoin ETF market into a two-firm race with Fidelity's FBTC.
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14 Articles
BlackRock Built a Bitcoin ETF That Cuts You a Monthly Check
The structure is a covered call wrapped around BTC. BITA holds spot Bitcoin, shares of BlackRock's $47 billion IBIT, and cash, and each month it sells call options against those IBIT shares to collect premiums.
BlackRock Files Likely-Final Amendment for Yield-Generating Bitcoin ETF With 65bps Fee, Launch Expected Soon
BlackRock filed what Bloomberg ETF analyst Eric Balchunas described as a likely-final amendment for its iShares Bitcoin Premium Income ETF, the asset manager disclosed in an amended Form S-1 submitted to the SEC on Wednesday. The fund is expected to trade on Nasdaq under the ticker BITA. The ETF is structured as a Delaware statutory trust holding a mix of spot Bitcoin, shares of BlackRock’s flagship iShares Bitcoin Trust (IBIT), and cash. Its co…
BlackRock files new amendment for yield-generating bitcoin ETF
BlackRock Targets June 18 Launch For BITA, Sets 0.65% Sponsor Fee
NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News By Davis Washington BlackRock filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) on Thursday, June 11, 2026, for its iShares Bitcoin Premium Income ETF (BITA). This securities registration filing is a mandatory requirement that signals the world’s largest asset manager is preparing to list the f…
Blackrock Files Final Pre-Launch Form for Bitcoin Covered-Call ETF, Analyst Gives 1-Week Window – #CryptoUpdatesGNIT
Key Takeaways Bloomberg’s Eric Balchunas flagged Blackrock’s 8-A filing on June 11, predicting BITA launches by June 19.BITA writes covered calls on 25% to 35% of NAV monthly, targeting income-focused bitcoin investors.Blackrock’s 0.65% fee undercuts rival covered-call bitcoin ETFs ahead of a Goldman Sachs July launch. Balchunas Calls the Date “Blackrock filed an 8-A for the Bitcoin Premium Income ETF BITA,” Balchunas wrote on X. “That typically…
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