Blackstone is about to turn IBIT into something spectacular. A 0.65% fee rate is crushing its competitors. Next week, when BITA launches, let’s see whether it can take over this $49 billion market.

CryptoWorld News reports that BlackRock has filed to list its Bitcoin Income Exchange-Traded Fund (ETF) on the Nasdaq, expected to launch next week. BlackRock submitted Form 8-A on Thursday, which is usually one of the final steps before an ETF listing. Bloomberg ETF analyst Eric Balchunas said this typically indicates a launch within a week, with the fund (ticker: BITA) expected to begin trading on June 18. BlackRock's fund will generate income by selling call options on its iShares Bitcoin Trust (IBIT), which is the largest spot Bitcoin ETF with $49 billion in assets under management. The fund plans to charge a 0.65% fee, lower than the 0.95% and 0.99% fees of the two largest covered call Bitcoin funds.