Overview
- BlackRock, which filed an amended S-1 on Wednesday, assigned the ticker BITA to the iShares Bitcoin Premium Income ETF.
- The fund would hold Bitcoin-linked assets, including shares of IBIT, and sell covered call options to generate cash payouts from option premiums.
- That options overlay can cap gains in strong Bitcoin rallies, so returns could trail a plain spot Bitcoin holding.
- BlackRock has not set a management fee or a launch date, and trading can begin only after SEC approval.
- Morgan Stanley is advancing its MSBT spot fund with an NYSE listing notice and a 0.14% fee, a low price point that could speed uptake on its wealth platform.