Key Takeaways
- BlackRock filed Form 8-A for BITA with the SEC on June 11.
- Sponsor fee set at 0.65%, below rivals charging 0.95% to 0.99%.
- Seed portfolio holds 109.96 BTC and 90,901 IBIT shares.
On June 11th, the asset manager registered its trust shares with the U.S. Securities and Exchange Commission, a necessary step before listing them on Nasdaq under the symbol BITA. This registration, filed as a Form 8-A, was done according to Section 12(b) of the Securities Exchange Act.
Bloomberg ETF analyst Eric Balchunas noticed a new filing and posted on X (formerly Twitter) that it usually indicates a fund will launch within a week. He predicts this fund could be available as soon as Thursday, June 18th, but cautioned that the exact timing isn’t guaranteed.
BlackRock submitted paperwork indicating the Bitcoin Premium Income ETF (BITA) is likely to launch within a week. My prediction is that trading will begin next Thursday, but we’ll have to wait and see if that happens.
— Eric Balchunas (@EricBalchunas) June 11, 2026
As a crypto investor, I was really excited to see BlackRock’s iShares Bitcoin Trust finally registered. It happened just two days after they filed what seemed like the final paperwork – Amendment No. 4 to their S-1 filing from June 9th. That filing gave us a good look at the fees – 0.65% – and showed they already had almost $10 million invested. Apparently, on June 9th, they used that money to buy around 109.96 Bitcoin and 90,901 shares of their own IBIT fund. They also started setting up their initial portfolio by writing 856 options contracts.
BITA differs from IBIT in that it’s actively managed, while IBIT simply follows Bitcoin’s price. BITA aims to generate monthly income by selling options, mainly on IBIT shares and Bitcoin itself, while still holding Bitcoin, IBIT, and cash. This strategy generally works best when the market is stable or rising slowly, but it may limit potential gains during significant price increases. According to fund details, BITA could sell options covering 25% to 35% of its value each month.
The fund’s 0.65% fee is a key part of its strategy. It’s lower than the fees charged by the two biggest Bitcoin covered call ETFs currently available – they charge 0.95% and 0.99% – allowing BlackRock to be competitive on price, especially as they build on the already strong trading volume of their IBIT fund.
When it comes to crypto ETFs, being first to market might be just as important as offering low prices. Goldman Sachs is planning to launch its Bitcoin Income ETF around July, but if BlackRock’s BITA ETF starts trading next week, they could gain a significant advantage. This would put them ahead in the next wave of competition for crypto ETFs, following the success of their IBIT ETF which launched in January 2024.
BITA is designed for investors who want to earn income from their Bitcoin holdings, receiving monthly payouts. It’s a good option for those like retirees or portfolios focused on dividends, who are comfortable potentially missing out on some of Bitcoin’s biggest price increases in exchange for regular income. However, if your goal is to maximize gains from Bitcoin’s price surges, BITA isn’t ideal, as its structure limits potential profits. For those simply wanting to invest directly in Bitcoin’s price, a product like IBIT is a better choice.
As a crypto investor, I’m keeping a close eye on Nasdaq and the SEC. Seeing those 8-A filings is a good sign – it suggests things are moving forward – but it doesn’t mean a launch is happening right away. We still need official confirmation before getting too excited.
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2026-06-12 11:48