According to Odaily, BlackRock is planning to launch a new iShares Bitcoin Premium Income ETF, which will provide spot exposure to Bitcoin while generating returns through options strategies. This plan has been disclosed in a recent filing with the U.S. Securities and Exchange Commission (SEC).
The documents show that the ETF will be similar to BlackRock's existing IBIT Bitcoin ETF, primarily tracking price performance by directly holding Bitcoin; the difference is that the new fund will also adopt an actively managed "covered call" strategy, obtaining option premiums by selling call options as a source of income, with the main underlying asset being IBIT-related options.
The fund's trading code has not yet been announced. If launched successfully, it will further enrich the market's portfolio of crypto asset investment products that sacrifice some upside potential for stable returns.
