BlackRock Files For A New Bitcoin Premium Income ETF

BlackRock has filed for a $12.5 trillion Bitcoin Premium Income ETF, sending digital asset markets and institutional circles abuzz. Unlike BlackRock’s previous offering – iShares Bitcoin Trust (iBIT), its proposed Bitcoin Premium ETF is built around a covered-call strategy designed to generate yield for its investors. 

By employing options on Bitcoin, BlackRock aims to deliver regular income distributions which appeal to yield-seeking investors who want exposure to Bitcoin but prefer to temper volatility.

Bloomberg ETF analyst Eric Balchunas took to X to say, “Given all the other coins about to ETF-ized, it’s notable BlackRock is going another bitcoin product, which signifies they are going to build around BTC and ETH, and lay off the rest, at least for now. This makes the horse race for these other coins much more wide open. No Secretariat to contend with.”

“On flip side, all the other bitcoin covered call ETFs currently on the market or in registration just sh*t their pants,” he added.

BlackRock registered the name iShares Bitcoin Premium ETF, filing coming soon. This is a covered call bitcoin strategy in order to give btc some yield. This will be a '33 Act spot product, sequel to the $87b $IBIT. pic.twitter.com/IR7hJ59m6q

— Eric Balchunas (@EricBalchunas) September 25, 2025

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