BlackRock Files Nasdaq Listing for Bitcoin Premium Income ETF Ahead of Expected Next-Week Debut
BlackRock filed to list its iShares Bitcoin Premium Income ETF on Nasdaq, the latest step toward bringing the fund to market and one that points to a debut as soon as next week. The listing follows a Form 8-A filing earlier this week, a regulatory step that often comes shortly before trading begins.
The fund, ticker BITA, is designed to generate yield from Bitcoin through a covered-call strategy. A prior amendment disclosed a 65-basis-point fee, lower than the 95-basis-point and 99-basis-point charges on the two largest covered-call ETFs, and BlackRock has been racing to launch before Goldman, which has been targeting around July 1.
From the sources (9 posts)
@ericbalchunasBlackRock 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 99b
@ericbalchunasWill be interesting to see what % yield they (and GS) shoot for aka how curr price of btc the options are written aka how much upside do they give up. Here's a look at how much that number varies with some of the curr products on mkt. $YBIT
@jseyffRT @EricBalchunas: BlackRock just filed a new (and probably final) amendment for their Bitcoin Premium Income ETF $BITA and WE HAVE A FEE:…
@tftc21BlackRock files what appears to be the final amendment for its Bitcoin Premium Income ETF ($BITA) with a fee of 65 basis points. @EricBalchunas says it's lower than the two largest covered call ETFs (95bp and 99bp) and expects a launch so
@bitcoinmagazineJUST IN: $14 trillion BlackRock files 8-A form for its Bitcoin Premium Income ETF, which "typically means launch in one week", according to Bloomberg's Eric Balchunas 👀
@laurashinRT @laurashin: BlackRock is about to launch a Bitcoin ETF that pays you yield 👀 The iShares Bitcoin Premium Income ETF (BITA) uses a cover…
@ericbalchunasBlackRock filed an 8-A for the Bitcoin Premium Income ETF $BITA. That typically means launch in one week. So if I had to bet I'd say next Thur $BITA goes live. We'll see tho.
@coinmarketcapLATEST: ⚡️ BlackRock has filed to list its Bitcoin Income ETF on Nasdaq, with the product expected to debut next week.
@cryptodotnewsNEW: BlackRock files 8-A form for its Bitcoin Premium Income ETF. The filing typically signals a launch within one week according to Bloomberg