BlackRock's Rieder Says Bitcoin Going 'Considerably Higher,' Launches BITA Income ETF on June 16

According to Bloomberg ETF IQ, BlackRock CIO Rick Rieder said on June 15 that bitcoin is going "considerably higher" despite its 47% decline from its late-2025 all-time high above $126,000. The firm is keeping its bitcoin exposure "pretty moderate," citing competing opportunities in technology and emerging markets debt.

BlackRock launched its Ishares Bitcoin Premium Income ETF (BITA) on June 16, an actively managed fund holding roughly 69% in direct bitcoin and 33% in IBIT shares. The fund generates monthly income through covered calls with a sponsor fee of 0.65%. IBIT, BlackRock's flagship bitcoin ETF, holds 766,162.82 BTC (over $50 billion), making it the largest bitcoin ETF by assets under management, exceeding the second-largest fund by more than $38 billion.