$14 Trillion BlackRock Just Launched Its Next Bitcoin ETF

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After signaling its arrival with an SEC filing last week, BlackRock has officially launched its newest Bitcoin (BTC) investment product – another Bitcoin ETF. The world’s largest asset manager introduced the iShares Bitcoin Premium Income ETF (BITA) on Nasdaq to give investors a way to earn monthly income and maintain most of Bitcoin’s upside potential. The launch further expands BlackRock’s rapidly growing digital asset lineup, which already oversees more than $130 billion across crypto-related products.

BlackRock Launches Bitcoin Income ETF

Unlike the firm’s flagship iShares Bitcoin Trust (IBIT), which simply tracks Bitcoin’s price, BITA combines direct Bitcoin exposure with an options strategy designed to generate recurring income.

According to BlackRock’s press release on June 16, the fund gains exposure through a mix of spot Bitcoin holdings and shares of IBIT, and writes covered call options on around 25% to 35% of the portfolio. Those option premiums are expected to be distributed to investors each month, which allows shareholders to collect income and retain most of Bitcoin’s upside.

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Robert Mitchnick, BlackRock’s Head of Digital Assets, said the product was developed for investors who want Bitcoin exposure without giving up the opportunity to generate cash flow from their allocation:

“A significant segment of our client base is interested in bitcoin but is also highly focused on income generation. (…) BITA was built in response to that demand, enabling investors to retain the majority of their bitcoin upside exposure while capturing potential income through a convenient exchange-traded structure.”

The launch comes just days after BlackRock filed the final regulatory paperwork suggesting the ETF was ready to begin trading, a move that analysts viewed as one of the last administrative steps before its market debut.

Meanwhile, Bitcoin was at press time on June 16 trading at the price of $65,979.61, down 1.1% in the last 24 hours, up 5.5% across the past seven days, and down 15.8% over the month, per the latest chart information.

BlackRock Expands Crypto ETF Lineup

BITA joins an expanding family of digital asset products that already includes the iShares Bitcoin Trust (IBIT), iShares Ethereum Trust (ETHA), and the recently launched iShares Staked Ethereum Trust (ETHB).

BlackRock said BITA leverages the scale of IBIT, which remains the world’s largest and most actively traded spot Bitcoin exchange-traded product. The company noted that IBIT’s options market averages approximately $3.7 billion in daily trading volume, which provides the liquidity necessary to support the covered-call strategy.

The asset manager also said it now oversees more than $130 billion across digital asset exchange-traded products, tokenized liquidity funds, and stablecoin reserve management. According to the company, iShares captured approximately 90% of inflows into U.S.-listed digital asset ETPs during 2025.

BITA caters to investors seeking a different type of Bitcoin exposure than traditional spot ETFs. The fund aims to exchange part of Bitcoin’s upside for a stream of option premium income and still maintain exposure to the cryptocurrency’s long-term price performance.