Blackrock Files Bitcoin Income ETF (BITA) With 0.65% Fee, Eyes July 1 Launch Ahead of Goldman Sachs

According to the SEC filing and Bloomberg Senior ETF Analyst Eric Balchunas, Blackrock filed a fourth amendment on June 5 for its proposed Ishares Bitcoin Premium Income ETF (BITA), disclosing a 0.65% sponsor fee. The fund employs a covered-call strategy, selling options primarily on Blackrock's Ishares Bitcoin Trust (IBIT) to generate income while providing bitcoin exposure.

Balchunas expects the product to launch "very soon," suggesting Blackrock may seek to reach the market before Goldman Sachs' competing covered-call bitcoin ETF becomes effective around July 1. The 65-basis-point fee is higher than Blackrock's spot bitcoin ETF but lower than the two largest covered-call ETFs, which charge 0.95% and 0.99%.