BlackRock has updated its application for a Bitcoin ETF with yield - ForkLog

# BlackRock has updated its application for a Bitcoin ETF with yield

BlackRock has filed an 8-A form with the U.S. Securities and Exchange Commission to register the iShares Bitcoin Premium Income ETF (BITA), based on the first cryptocurrency.

The product offers access to the spot Bitcoin market with a income-generating mechanism. To do this, the fund plans to sell call options mainly on its own IBIT shares, and occasionally on spot Bitcoin ETP indices.

Bloomberg market analyst Eric Balchunas suggested that BITA could launch as early as next week.

BlackRock filed an 8-A for the Bitcoin Premium Income ETF $BITA. That typically means launch in one week. So if I had to bet I'd say next Thur $BITA goes live. We'll see tho. pic.twitter.com/jvJY8yhslh

— Eric Balchunas (@EricBalchunas) June 11, 2026

According to him, submitting an 8-A usually indicates imminent approval of the instrument.

Earlier, BlackRock submitted a fourth amendment to the application for the launch of BITA. In it, the company indicated the sponsor fee at 0.65% — lower than competitors among Bitcoin ETFs with covered call strategies.

BlackRock’s traditional Bitcoin-based fund IBIT has maintained a leading position almost since its launch in January 2024. As of the time of writing, the assets under management of the product amount to $48.6 billion.

IBIT dynamics. Source: SoSoValue. Recall that in the first quarter of 2026, institutional investors filing 13F forms reduced their positions in U.S. spot Bitcoin ETFs by 17%.