BlackRock has filed what is expected to be the final regulatory amendment for its iShares Bitcoin Premium Income ETF, setting a management fee of 0.65 percent and putting the fund on track to launch in late June. The fund will trade on the Nasdaq under the ticker symbol BITA. It will be the first Bitcoin-based income product from the world’s largest asset manager.
The 0.65 percent fee undercuts rival covered-call Bitcoin funds, which charge between 0.95 and 0.99 percent. BlackRock is under competitive pressure to launch before a Goldman Sachs Bitcoin income fund expected around July 1. Seeding of the fund has already begun, with the portfolio buying Bitcoin and shares of BlackRock’s flagship spot Bitcoin ETF, known as IBIT.
The BITA fund will generate income by selling call options on 25 to 35 percent of its holdings each month. This capped-upside strategy sacrifices some price appreciation in exchange for a regular cash distribution to investors. The approach mirrors covered-call structures widely used in equity income funds, adapted here for a digital asset.
Bitcoin was trading above $63,000 on Friday, recovering after a period of volatility in early June when the cryptocurrency fell below $65,000 and triggered over $1.8 billion in liquidated leveraged positions in a single session. US spot Bitcoin ETFs had experienced a record 13-day outflow streak earlier in the month, shedding $4.4 billion in net outflows before the streak ended on June 5.
The income ETF follows BlackRock’s success with IBIT, which has attracted tens of billions of dollars in assets since its January 2024 launch and is now the largest Bitcoin fund in the world. The new product is aimed at investors who want Bitcoin exposure alongside regular income distributions, including retirees and income-focused portfolios that cannot justify holding a non-yielding asset.
The fund’s launch arrives on the same day as SpaceX’s Nasdaq debut, making June 12 an unusually significant day for both traditional and digital finance. Technology sector listings have drawn strong interest from retail investors throughout the first half of 2026. Japan’s parliament passed a sweeping bill this week treating crypto as a financial instrument, cutting the tax rate on gains to 20 percent. That move is expected to open new institutional flows into Bitcoin and other digital assets over the coming year. Bitcoin’s price recovery in recent days has been linked in part to growing institutional demand ahead of the BITA launch. Full fund details and the prospectus are available via the Securities and Exchange Commission filings. BlackRock has not yet confirmed the exact launch date beyond saying it expects to go live in late June.
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