BlackRock is near launching a bitcoin fund that pays an revenue.
The world’s largest asset supervisor filed its fourth modification for the iShares Bitcoin Premium Earnings ETF on Tuesday, according to its SEC filing. The fund will commerce on Nasdaq underneath the ticker BITA.
The revenue comes from choices. The fund holds bitcoin and shares of IBIT, BlackRock’s $47 billion spot bitcoin ETF. Every month it sells name choices on these IBIT shares.
A name possibility provides the client the fitting to buy the shares at a set value. The fund collects a price, referred to as a premium, for promoting that proper. That premium is the revenue it fingers to buyers.
As such, promoting calls caps how a lot the fund positive factors if bitcoin rallies arduous. Traders take regular revenue in trade for giving up a part of a giant transfer. The fund plans to jot down calls on 25% to 35% of its worth at a time.
The price is the sting, nonetheless. BlackRock set the sponsor’s price at 0.65%, which sits under the 2 largest covered-call bitcoin funds, YBTC and BTCI, which cost 0.95% and 0.99%, Bloomberg analyst Eric Balchunas stated in a publish on X.
BlackRock simply filed a brand new (and doubtless remaining) modification for his or her Bitcoin Premium Earnings ETF $ REVIEW and WE HAVE A FEE: 65bps. Obv larger than $ GOES et al however decrease than the 2 largest ETFs in ‘lined name’ class that are 95bp and 99bp. My guess is that is going to launch… pic.twitter.com/KBwFrmkdbJ
— Eric Balchunas (@EricBalchunas) June 10, 2026
Balchunas added he expects the fund to launch very quickly, noting BlackRock is underneath stress to beat Goldman Sachs to market, with Goldman’s personal bitcoin fund as a consequence of go reside round July 1.
BlackRock already has the strongest distribution base within the spot bitcoin ETF market. Its iShares Bitcoin Belief, IBIT, has change into the flagship product of the sector, frequently drawing the most important inflows and sometimes absorbing capital even when rival funds see redemptions.
IBIT and Constancy’s FBTC have more and more turned the U.S. spot bitcoin ETF market into a two-firm racewith smaller issuers typically contributing little to each day flows.
The launch could be one other step in turning bitcoin into an revenue product for mainstream buyers. The submitting exhibits the fund is already seeded and has began shopping for bitcoin and IBIT shares – an indication it’s near being prepared.
