Overview

• BlackRock registered the iShares Bitcoin Premium ETF name and a Delaware trust for the proposed vehicle, signaling formal SEC filings are likely next.
• The fund would sell covered call options on Bitcoin or related futures to generate distributable premiums, trading some upside potential for steady income.
• The product remains unapproved and is not trading, with timing dependent on subsequent S-1 and 19b-4 submissions and regulatory review.
• The expansion builds on the $87–$90 billion IBIT franchise and more than $260 million in annual revenue from BlackRock’s crypto ETFs, underpinned by large custody positions of roughly 756,000 BTC and 3.8 million ETH.
• SEC adoption of generic listing standards on September 18 could accelerate reviews, potentially giving BlackRock a quicker launch window and intensifying competition for issuers focused on altcoin ETFs.