BlackRock Advances Bitcoin Premium Income ETF with SEC Filing
- BlackRock filed Form 8-A for its Bitcoin Premium Income ETF ($BITA) with the SEC, indicating a potential launch within a week.
- The actively managed fund aims to generate income through selling call options while providing exposure to Bitcoin.
- The trust’s net assets are approximately $9.99 million, equating to $49.97 per share, with seed funding of $9.9 million from BlackRock Financial Management.
- Sponsor fees are set at 0.65%, and fee waivers may apply in certain instances.
- On June 9, the trust acquired about 110 BTC, along with 90,901 IBIT shares and wrote 856 option contracts.
This filing follows BlackRock’s recent update to its S-1 registration statement for the ETF under the ticker BITA on Nasdaq, amid competition from Goldman Sachs also entering the Bitcoin Premium Income ETF space.
With net assets nearing $10 million and plans for an imminent launch, BlackRock’s new fund could significantly impact the market for Bitcoin ETFs.
