Overview

• BlackRock submitted a Delaware filing on Sept. 25 for an iShares Bitcoin Premium Income ETF, expanding its crypto product lineup.
• The ETF is designed to distribute income generated from Bitcoin-related premiums, targeting investors who prioritize yield over price exposure.
• Reporting indicates a covered-call approach using Bitcoin futures to collect premiums, with full strategy details subject to forthcoming disclosures and review.
• The launch effort builds on IBIT’s market lead, with roughly $90 billion in assets and about 60% share of U.S. spot Bitcoin ETFs by September 2025.
• BlackRock’s crypto ETFs have produced around $260 million in annual revenue, and the firm has introduced 1%–2% crypto allocations in its model portfolios.