BlackRock Discloses 65-Basis-Point Fee in Likely Final Bitcoin Premium Income ETF Filing
BlackRock filed what appears to be a final amendment for its proposed Bitcoin Premium Income ETF, ticker BITA, disclosing a 65-basis-point, or 0.65%, fee and signaling the fund could reach the market soon.
At 0.65%, the charge would be below the 95-basis-point and 99-basis-point fees on the two largest covered-call ETFs. Investors will also be watching where the fund writes options relative to Bitcoin's current price, a choice that affects both the yield it targets and how much upside holders give up, as BlackRock tries to beat Goldman to market around July 1.
From the sources (6 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
@telbloggramBlackRock Bitcoin Enhanced Yield ETF BITA's latest amendment discloses a fee rate of 0.65%, and may be listed soon. June 10th news, according to Bloomberg ETF analyst Eric Balchunas, BlackRock has submitted the fourth, and possibly final,
@kryll_aiBREAKING: 🏦 BlackRock's Bitcoin Premium Income ETF files S-1 details with SEC, revealing a 0.65% sponsor fee and near launch. #Crypto #ETF #BlackRock $BTC