BlackRock has submitted what appears to be the final amendment to its SEC registration for the iShares Bitcoin Premium Income ETF, trading under the ticker BITA. The fund charges a sponsor fee of 0.65% of net assets, accrued daily, and is expected to launch imminently.
The timing here is not accidental. BlackRock is sprinting to get BITA to market before Goldman Sachs rolls out its own Bitcoin Premium Income ETF, which is expected to become effective around July 1, 2026.
What BITA actually does
BITA is an actively managed ETF that primarily writes options on shares of BlackRock’s existing spot Bitcoin ETF, IBIT. By selling those call options, the fund generates income from premiums while still giving investors exposure to Bitcoin’s price movements. The catch, as with all covered-call strategies, is that upside participation gets capped when Bitcoin rallies hard.
The 0.65% fee is worth paying attention to. The two largest existing Bitcoin covered-call ETFs charge between 0.95% and 0.99%. BlackRock is coming in roughly 30 basis points cheaper, which over time and at scale, adds up to meaningful savings for investors.
