BlackRock's BITA Ready to Bite: Bitcoin Income ETF Lands on Nasdaq Tuesday 🪙

Nasdaq has confirmed it will list BlackRock's iShares Bitcoin Premium Income ETF on June 16 under the ticker $BITA, setting the stage for the fund's market debut one day after the U.S. Securities and Exchange Commission accepted its notice of effectiveness. The SEC's "Notice of Effectiveness" filing went into effect Monday, June 15, after BlackRock submitted the document on Friday, June 12. Earlier, BlackRock had filed Form 8-A for the ETF, a step generally associated with a launch within a week.

Bloomberg ETF analyst Eric Balchunas wrote on X, "ALL SET: the iShares Bitcoin Premium Income ETF $BITA is launching TOMORROW (tue). Confirmed by Nasdaq." Balchunas also described BITA as "the much anticipated follow up to $IBIT the fastest growing etf of all time by miles (even if you use current aum)." He added that the fund "will target 15-25% annual yield while trying to capture at least 70% of Bitcoin's upside in process," and later projected that trading could begin Thursday, "give or take a day."

According to the final prospectus, $BITA will not hold $BTC directly. Instead, it will primarily invest in shares of BlackRock's iShares Bitcoin Trust ETF ($IBIT) and generate income by selling call options on those positions, while retaining exposure to Bitcoin price movements. The document states the fund will carry an annual sponsor fee, with the specific rate disclosed in the prospectus. The ETF's stated objectives are to deliver the targeted yield range alongside at least 70% participation in Bitcoin's upside, per the filing.

BlackRock first filed for the product last week, and Nasdaq subsequently issued its own approval, clearing the final administrative steps before trading begins. Balchunas separately noted the launch is "imminent" following the SEC's acceptance of the effectiveness notice. Market participants can access $BITA through standard brokerage accounts on Nasdaq once trading commences on June 16.