BlackRock’s Bitcoin Premium ETF Heads To Nasdaq In SEC Filing
Nasdaq has filed paperwork with the US Securities and Exchange Commission to checklist the BlackRock iShares Bitcoin Premium Income ETF, a product designed to generate revenue by promoting choices on bitcoin-linked holdings.
The proposal was submitted on September 30, 2025, and the SEC has opened a remark interval as a part of its evaluation.
Trust Holdings And Structure
According to the Nasdaq filing, the Trust will maintain primarily bitcoin, shares of BlackRock’s iShares Bitcoin Trust (IBIT), money, and the premiums earned from written choices on IBIT or on indices that monitor spot bitcoin ETPs.
The product is described as an actively-managed exchange-traded product that the sponsor intends to be handled as a publicly-traded partnership for US federal tax functions.
The submitting additionally units a minimal of 80,000 Shares required to be excellent at graduation, and lists buying and selling hours from 4:00 a.m. to eight:00 p.m. ET. BlackRock’s move follows a wider push by asset managers to supply income-style crypto merchandise.
Reports have disclosed that the brand new ETF would acquire premiums by writing coated calls, a method meant to supply common distributions for buyers who need yield somewhat than pure value publicity.
Analysts quoted in market protection say the method limits upside in robust rallies however can easy returns when bitcoin strikes sideways or down.
How The Covered-Call Strategy Works
Covered calls are simple in idea however not with out danger. The Trust would maintain IBIT and bitcoin whereas promoting name choices towards these holdings to gather premiums.
If the calls are exercised early, the submitting says IBIT shares could also be delivered out to the choices clearer; sure OTC choices could be cash-settled.
That mixture of bodily holdings and choices revenue is meant to create a yield-focused product that behaves in another way from a spot ETF.
Market watchers be aware this isn’t BlackRock’s first bitcoin product. Based on reviews, IBIT has already grow to be a serious car for US buyers since its launch, reaching massive asset ranges shortly and serving to to normalize bitcoin publicity inside regulated funds.
That monitor report seemingly makes it simpler for BlackRock to pitch a second, income-focused providing to each retail and institutional audiences.
Regulatory Steps
The subsequent steps are procedural however vital. The SEC’s discover solicits public feedback and can contemplate whether or not the proposed itemizing satisfies Nasdaq’s Rule 5711(d) and investor-protection requirements.
If the SEC requires adjustments — for instance on disclosure round OTC choices or every day NAV dissemination — Nasdaq and BlackRock must reply earlier than buying and selling can start.
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