BlackRock Plans to Launch Bitcoin Income ETF, Introducing Options Strategy to Generate Additional Returns

Odaily News BlackRock is planning to launch a new iShares Bitcoin Premium Income ETF, which will provide exposure to Bitcoin spot prices while generating income through an options strategy. This plan has been disclosed in the latest filing submitted to the U.S. Securities and Exchange Commission (SEC).

The filing indicates that this ETF will be similar to BlackRock's existing IBIT Bitcoin ETF, primarily tracking price performance by directly holding Bitcoin; the difference is that the new fund will also employ an actively managed "covered call" strategy, generating income by selling call options, with IBIT-related options being the primary underlying assets.

The fund has not yet announced its trading symbol. If successfully launched, it will further enrich the array of crypto asset investment products in the market that sacrifice some upside potential in exchange for stable returns.