BlackRock Files 8-A for Bitcoin Premium Income ETF Ahead of Possible Next-Week Launch
BlackRock filed Form 8-A for its iShares Bitcoin Premium Income ETF, ticker BITA, a regulatory step that often comes shortly before a fund begins trading and points to a possible launch next week. The filing is the latest step toward bringing the Bitcoin income product to market after an earlier amendment disclosed the fund's fee.
BITA is designed to generate yield from Bitcoin through a covered-call strategy. BlackRock's previous filing set the fee at 65 basis points, or 0.65%, below the 95-basis-point and 99-basis-point charges on the two largest covered-call ETFs, and the firm has been racing to beat Goldman to market around July 1.
From the sources (7 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.