BlackRock will list its iShares Bitcoin Premium Income ETF on Nasdaq under the ticker BITA on June 17, 2026, following SEC approval on June 12. The fund does not hold bitcoin directly but gains exposure through shares of BlackRock’s spot bitcoin ETF, IBIT, which held approximately $48.6 billion in net assets as of June 12. BITA will sell covered call options against those IBIT holdings, aiming to generate premium income while capping upside participation during strong rallies.
According to Bloomberg ETF analyst Eric Balchunas, the ETF targets a 15–25% annual yield and seeks to capture at least 70% of bitcoin’s upside. The management fee is set at 0.65%, lower than several competing bitcoin covered-call funds that charge between 0.95% and 0.99%. The strategy is tailored for income-focused investors such as advisors and pensions, sacrificing some potential bull-run profits for steady monthly payouts.
Goldman Sachs is preparing a similar product with a planned launch on July 1, 2026, signaling growing Wall Street interest in options-based bitcoin ETFs. BlackRock’s BITA will rely on the deep liquidity of IBIT, the largest spot bitcoin ETF by assets, to execute its options strategy efficiently.
