BlackRock filed an updated amendment for its proposed iShares Bitcoin Premium Income ETF (BITA).
The filing with the Securities and Exchange Commission establishes a 0.65% sponsor fee.
The ETF generates regular income by employing a covered call strategy on BlackRock’s IBIT spot bitcoin ETF.
This product targets investors seeking yield from crypto holdings rather than traditional spot exposure.
Bloomberg analyst Eric Balchunas describes the fee as competitive against existing bitcoin covered-call funds.
BlackRock aims to launch the fund ahead of a similar Goldman Sachs product anticipated in early July.