Wu learned that Bloomberg ETF analyst Eric Balchunas stated that BlackRock's iShares Bitcoin Premium Income ETF (BITA) has submitted the third version of its S-1 amendment, but the expense ratio has not yet been disclosed. According to previous SEC filings, the fund intends to hold Bitcoin, IBIT shares, and cash, and generate premium income by selling IBIT-related call options. The product is still in the registration document revision stage and has not yet been officially listed.

BLK-0.05%
BTC-0.05%
IBIT-2.28%
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DoNotTouchTheLiquidationLine.
· 3h ago
The premium of a call option essentially involves surrendering upside potential in exchange for cash flow—an old Wall Street tactic.
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AuroraSnowyWildernessSolitary
· 3h ago
This product is suitable for those who think BTC isn't moving up and also want to earn some income.
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TeaAndSlippage
· 4h ago
If the fee rate is higher than 0.5%, it's funny; IBIT is only 0.25%.
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CandlestickChartsUnderThe
· 4h ago
Fedo refuses to say anything, just teasing us here.
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VineGeometry
· 4h ago
BlackRock's product matrix is becoming more detailed, covering everything from spot to yield enhancement.
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DustyAirdropper
· 4h ago
The third edition still hides the fee structure; is BlackRock waiting for competitors to make the first move?
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BetweenBidAndAsk
· 4h ago
Not yet listed, and the S-1 has been revised three times; regulators remain cautious about crypto derivatives.
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GateUser-4d2d061e
· 4h ago
Wait for the fee rate announcement, pass directly if above 0.4%
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ContrarianIndicatorMyself
· 5h ago
Selling call options is essentially shorting volatility; it's very profitable when IV is low, but gets buried when IV is high.
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DustyLedgerKid
· 5h ago
Third edition revision, the SEC is probably still nitpicking the details.
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