BlackRock files S-1 on 23 January 2026 for iShares Bitcoin Premium Income ETF targeting 8–12% yield

BlackRock filed an S-1 on January 23, 2026 for its iShares Bitcoin Premium Income ETF, advancing plans for a Bitcoin income-focused product under the iShares brand. The fund aims to generate an annual premium yield of about 8–12% by using a covered call strategy on Bitcoin and IBIT shares, while BlackRock’s existing IBIT spot ETF remains the largest U.S. Bitcoin ETF by assets despite recent outflows. Bitcoin is trading below $90,000, with technical analysis indicating potential downside toward last April’s lows around $74,000 or even $68,000 on the weekly chart.