Nasdaq has confirmed listing BlackRock’s iShares Bitcoin Premium Income ETF. The asset manager’s new BTC-based investment product will start trading on June 16 on the exchange.
BlackRock’s BITA ETF To Launch Tomorrow
Bloomberg ETF analyst Eric Balchunas wrote on X, “ALL SET: the iShares Bitcoin Premium Income ETF $BITA is launching TOMORROW (tue). Confirmed by Nasdaq.”
Nasdaq’s confirmation follows the U.S. Securities and Exchange Commission’s (SEC) approval of the ETF’s notice of effectiveness on Monday, June 15. BlackRock had submitted the filing for the fund on June 12.
In addition, Balchunas provided more information about the structure of the ETF. The fund “will target 15-25% annual yield while trying to capture at least 70% of Bitcoin’s upside in process,” he said.
Recently, BlackRock submitted the Form 8-A, alongside which Nasdaq also offered an approval. For further context, the ETF will trade under the ticker, BITA, on Nasdaq. The final prospectus says the fund will be used to earn income and retain exposure to Bitcoin price fluctuations.
The Fund’s Investment Dynamics & Fee Structure
The ETF will not be directly invested in Bitcoin, the filing states. Rather, it will mainly focus on buying shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT). The approach will be to sell call options on those positions to collect some premium.
$BITA went effective Friday afternoon. Launch imminent. Prob Thursday give or take a day. This is the much anticipated follow up to $IBIT the fastest growing etf of all time by miles (even if you use current aum). pic.twitter.com/v5PndAcJu7
— Eric Balchunas (@EricBalchunas) June 15, 2026
The ETF will have a sponsor fee of 0.65% per year, according to the prospectus. The fee will accrue on a day-to-day basis and will be paid quarterly. BlackRock’s filing also details other expenses related to the options trading, brokerage commissions, financing charges, legal fees, and operating costs.
Earlier, Balchunas noted that “the much anticipated follow up to $IBIT.” He also spotlighted that IBIT is “the fastest growing etf of all time by miles (even if you use current aum).”
Previously, Balchunas had predicted that the ETF would be launched sometime on Thursday “give or take a day.” Thus, the approval from Nasdaq now confirms that the product will start trading sooner than originally expected.