BlackRock filed paperwork this week to list a new Bitcoin income ETF on Nasdaq. The iShares Bitcoin Premium Income ETF, ticker BITA, is expected to begin trading as soon as June 18.
The world's largest asset manager submitted a Form 8-A registration filing on Thursday for the fund. Analysts said the step typically signals a launch within one week.
The ETF will sell call options on shares of BlackRock’s existing $49 billion iShares Bitcoin Trust to generate income. It carries a planned annual fee of 0.65 percent, lower than competing covered-call Bitcoin products.
BlackRock is racing Goldman Sachs, whose similar fund is scheduled to debut around July 1. The filing follows earlier steps showing the new ETF has already been seeded and begun trading options.
