BlackRock's Planned iShares Bitcoin Premium Income ETF Adds New Volatility-Selling Pressure
BlackRock has submitted an S-1 registration for the iShares Bitcoin Premium Income ETF, a fund designed to follow bitcoin's price while earning option income by selling call options mainly on its spot ETF IBIT. Market participants see the strategy as an additional source of systematic volatility supply rather than a clear bullish or bearish trigger for BTC. Analysts warn that more covered-call style products could further depress implied volatility and reduce option yields for investors seeking premium from bitcoin exposure.