BlackRock Bitcoin Premium Income ETF Files for Launch, 0.65% Fee Undercuts Rivals

BTC0.97%

According to Bloomberg Senior ETF Analyst Eric Balchunas and BlackRock filings, BlackRock's Bitcoin Premium Income ETF (BITA) filed a Form 8-A with the U.S. Securities and Exchange Commission on June 9, signaling an imminent launch within approximately one week. BITA employs a covered-call strategy, selling call options on BlackRock's existing spot bitcoin ETF (IBIT) to generate income for shareholders. As of the filing date, the fund held approximately 110 bitcoin and 90,901 IBIT shares, with 856 option contracts outstanding.

The fund carries a sponsor fee of 0.65%, below competing covered-call bitcoin ETFs currently trading. Goldman Sachs filed for a comparable bitcoin premium income ETF in April, with an expected launch around July 1, 2026, positioning the two giants to compete in the emerging covered-call bitcoin ETF category.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments