According to Bloomberg Senior ETF Analyst Eric Balchunas and BlackRock filings, BlackRock's Bitcoin Premium Income ETF (BITA) filed a Form 8-A with the U.S. Securities and Exchange Commission on June 9, signaling an imminent launch within approximately one week. BITA employs a covered-call strategy, selling call options on BlackRock's existing spot bitcoin ETF (IBIT) to generate income for shareholders. As of the filing date, the fund held approximately 110 bitcoin and 90,901 IBIT shares, with 856 option contracts outstanding.
The fund carries a sponsor fee of 0.65%, below competing covered-call bitcoin ETFs currently trading. Goldman Sachs filed for a comparable bitcoin premium income ETF in April, with an expected launch around July 1, 2026, positioning the two giants to compete in the emerging covered-call bitcoin ETF category.