Catenaa, Sunday, February 01, 2026- BlackRock has filed plans for a new iShares Bitcoin Premium Income ETF that would pair direct bitcoin exposure with yield generation, expanding its lineup of crypto investment products.
According to a filing with the Securities and Exchange Commission, the proposed fund would track bitcoin’s spot price primarily by holding the asset directly, similar to BlackRock’s existing iShares Bitcoin Trust. Unlike the current product, the new ETF would also seek income through an actively managed covered-call strategy.
Under the structure, the fund’s investment adviser would sell call options, mainly on shares of the iShares Bitcoin Trust, and at times on other bitcoin tracking exchange traded product indices. The option premiums collected would be distributed as income, effectively trading some upside potential for regular yield.
The fund does not yet have a ticker and would join a growing group of crypto linked covered-call products that aim to appeal to investors seeking income alongside digital asset exposure. Covered-call strategies are commonly used in equity and commodity markets but remain relatively new in crypto focused funds.
The proposed ETF would introduce a yield mechanism for bitcoin investments that differs from staking based income models used by some ether and solana funds. Bitcoin’s network does not support native staking, limiting traditional income options for spot bitcoin products.
BlackRock’s iShares Bitcoin Trust, listed on Nasdaq, is currently the largest spot bitcoin ETF, managing about $69.75 billion in assets. The firm’s bitcoin and ethereum ETFs rank among the fastest growing funds in the US market, reflecting sustained investor demand for regulated crypto exposure.
The filing comes as asset managers continue to experiment with structures that broaden the appeal of digital assets to income focused investors.
