BlackRock moves ahead of Goldman with yield-generating Bitcoin ETF filing
BlackRock has made what appears to be its final SEC filing change for a yield-focused Bitcoin ETF, signaling a potential imminent launch. The amendment details the iShares Bitcoin Premium Income ETF (ticker: BITA), which would charge a 0.65% fee—below competing covered-call funds that run as high as 0.99%.
According to the filing, the fund will gain exposure through spot Bitcoin holdings and shares of BlackRock's iShares Bitcoin Trust (IBIT). It plans to write call options against that exposure and distribute the option premiums as income.
Goldman Sachs' competing product is expected to begin trading around July 1.