BlackRock Files Amendment for Bitcoin Income ETF BITA With 0.65% Fee
BlackRock filed a fourth SEC amendment on 11 June 2026 for the iShares Bitcoin Premium Income ETF, which will trade under ticker BITA on Nasdaq. The fund is already seeded and sets a sponsor fee of 0.65%, below the two existing Bitcoin covered-call ETF rivals.
BlackRock files fourth amendment for Bitcoin income ETF BITA, fund seeded
BlackRock filed a fourth amendment with the U.S. Securities and Exchange Commission (SEC) on 11 June 2026 for the iShares Bitcoin Premium Income ETF, which will trade on Nasdaq under the ticker BITA. The SEC filing confirms the fund is already seeded and has begun purchasing bitcoin and iShares Bitcoin Trust (IBIT) shares ahead of launch. BlackRock's IBIT is the largest US spot Bitcoin exchange-traded fund (ETF) with approximately $47 billion in assets under management.
BITA holds IBIT shares and sells monthly call options for income
BITA holds a combination of spot bitcoin and IBIT shares. Each month, the fund sells call options on 25% to 35% of its IBIT holdings, collecting the option premium as income for distribution to investors. Selling call options caps the fund's upside if bitcoin rallies sharply — investors give up a portion of potential price gains in exchange for regular premium income. According to the SEC filing, the fund posts IBIT shares as collateral to cover its written call option positions.
"BlackRock just filed a new (and probably final) amendment for their Bitcoin Premium Income ETF $BITA and WE HAVE A FEE: 65bps. Obv higher than $IBIT et al but lower than the two biggest ETFs in 'covered call' category which are 95bp and 99bp. My guess is this is going to launch…" — Eric Balchunas, ETF Analyst, Bloomberg Intelligence, 10 June 2026
BlackRock's 0.65 percent fee undercuts both existing covered-call Bitcoin funds
BlackRock set the sponsor fee at 0.65%, below the 0.95% charged by YBTC and the 0.99% charged by BTCI — the two largest existing covered-call Bitcoin ETFs, according to Bloomberg analyst Eric Balchunas. The fee positions BITA below both existing covered-call alternatives while remaining higher than BlackRock's own spot IBIT product. The fund's income-oriented structure targets investors who prioritize yield over pure Bitcoin price appreciation.
BlackRock races Goldman Sachs to be first Bitcoin income ETF
Balchunas said BlackRock is under competitive pressure to beat Goldman Sachs to market, with Goldman's own Bitcoin premium income fund targeting a launch date of approximately 1 July 2026, according to CoinDesk. Goldman filed a preliminary prospectus for a similar covered-call product in April 2026, using a structure that sells options on 25% to 75% of the portfolio. The Nasdaq listing approval for BITA was published in the Federal Register on 3 June 2026.
Primary source: Source ↗
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.