BlackRock received regulatory approval for its iShares Bitcoin Premium Income ETF (BITA). The fund generates income by holding iShares Bitcoin Trust (IBIT) shares and selling call options. Shareholders receive the collected option premiums as regular income distributions.
The SEC declared the filing effective on Monday, June 15. BlackRock submitted the initial application on Friday, June 12. Bloomberg analyst Eric Balchunas expects trading to begin as early as Thursday, June 18.
This launch builds on the success of the original IBIT fund. IBIT has accumulated approximately $50 billion in assets since its January 2024 debut.