Nasdaq has filed paperwork with the US Securities and Exchange Commission to list the BlackRock iShares Bitcoin Premium Income ETF, a product designed to generate income by selling options on bitcoin-linked 0 proposal was submitted on September 30, 2025, and the SEC has opened a comment period as part of its 1 Holdings And Structure According to the Nasdaq filing , the Trust will hold primarily bitcoin, shares of BlackRock’s iShares Bitcoin Trust (IBIT), cash, and the premiums earned from written options on IBIT or on indices that track spot bitcoin 2 product is described as an actively-managed exchange-traded product that the sponsor intends to be treated as a publicly-traded partnership for US federal tax 3 filing also sets a minimum of 80,000 Shares required to be outstanding at commencement, and lists trading hours from 4:00 4 8:00 p.
m. ET. BlackRock’s move follows a wider push by asset managers to offer income-style crypto 5 have disclosed that the new ETF would collect premiums by writing covered calls, a strategy meant to produce regular distributions for investors who want yield rather than pure price 6 quoted in market coverage say the approach limits upside in strong rallies but can smooth returns when bitcoin moves sideways or 7 The Covered-Call Strategy Works Covered calls are straightforward in concept but not without 8 Trust would hold IBIT and bitcoin while selling call options against those holdings to collect 9 the calls are exercised early, the filing says IBIT shares may be delivered out to the options clearer; certain OTC options would be 10 mix of physical holdings and options income is intended to create a yield-focused product that behaves differently from a spot 11 watchers note this is not BlackRock’s first bitcoin 12 on reports, IBIT has already become a major vehicle for US investors since its launch, reaching large asset levels quickly and helping to normalize bitcoin exposure inside regulated 13 track record likely makes it easier for BlackRock to pitch a second, income-focused offering to both retail and institutional 14 Steps The next steps are procedural but 15 SEC’s notice solicits public comments and will consider whether the proposed listing satisfies Nasdaq’s Rule 5711(d) and investor-protection 16 the SEC requires changes — for example on disclosure around OTC options or daily NAV dissemination — Nasdaq and BlackRock would have to respond before trading can 17 image from Finance Feeds, chart from TradingView
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