BlackRock launches BITA Bitcoin income ETF on Nasdaq

The fund operates by investing in shares of the iShares Bitcoin Trust (IBIT) while executing a covered-call strategy. By selling call options on its holdings, the ETF aims to provide shareholders with an annual yield between 15% and 25%. According to Bloomberg ETF analyst Eric Balchunas, the strategy is designed to capture roughly 70% of Bitcoin’s upside price movement while generating steady income from option premiums. Investors will face a 0.65% annual sponsor fee, alongside indirect costs associated with brokerage commissions and fund operations.

This launch follows BlackRock’s recent expansion into broader thematic investments, including the introduction of the STAR space technology fund in European markets. While IBIT remains the world’s largest spot Bitcoin ETF by assets under management, BITA positions itself as a specialized successor for those prioritizing yield over pure price exposure. The accelerated timeline for the listing was confirmed by Nasdaq, pushing the debut forward from initial market expectations.