BlackRock files fourth amendment for yield-generating Bitcoin ETF with 65 basis point fee, launch imminent

Jun 10, 2026

BlackRock filed a final amendment for its iShares Bitcoin Premium Income ETF (BITA), signaling an imminent launch. The fund will use a covered-call strategy to generate yield and will charge a 0.65% fee, undercutting rivals. BlackRock is racing to market against a similar product from Goldman Sachs, which is expected to launch around July 1.

BlackRock Bitcoin Income ETF

▪The iShares Bitcoin Premium Income ETF is expected to trade on the Nasdaq under the ticker symbol BITA.
▪BlackRock filed the fourth amendment for its proposed iShares Bitcoin Premium Income ETF.
▪Bloomberg ETF analyst Eric Balchunas described the amendment as "probably final" and expects the fund to launch soon.
▪The BITA fund will hold a mix of spot Bitcoin, shares of BlackRock’s iShares Bitcoin Trust (IBIT), and cash.

Covered-call options income strategy

▪The fund plans to write call options on 25% to 35% of its value at a time.
▪The BITA ETF is designed to generate income for investors through an actively managed covered-call options strategy.
▪The fund's strategy involves selling monthly call options on its holdings of the IBIT ETF to collect option premiums.
▪In exchange for steady income, the covered-call strategy caps the fund's upside potential if Bitcoin's price rallies sharply.

65 basis point fee

▪The latest filing for the BITA ETF disclosed a sponsor's fee of 0.65%, or 65 basis points.
▪BITA's 0.65% fee is lower than the fees of the two largest existing covered-call bitcoin ETFs, which charge 0.95% and 0.99%.

Competition with Goldman Sachs

▪BlackRock is competing with Goldman Sachs to be the first to launch a major yield-paying Bitcoin ETF.
▪Goldman Sachs filed for its own Bitcoin Premium Income ETF in April and its fund is expected to go live around July 1.

Bitcoin ETF market consolidation

▪BlackRock's existing spot bitcoin fund, the iShares Bitcoin Trust (IBIT), is the largest of its kind with approximately $47 billion in assets.
▪The U.S. spot bitcoin ETF market has largely become a "two-firm race" between BlackRock's IBIT and Fidelity's FBTC.