Nasdaq has officially filed with the U.S. Securities and Exchange Commission (SEC) to list BlackRock’s new iShares Bitcoin Premium Income ETF.
What Makes This ETF Different
According to the listing on SEC, the ETF will be listed and traded on Nasdaq under the commodity-based trust rule. Last week, BlackRock registered the ETF in Delaware, which brings it closer to bringing the product to the public.
Bloomberg analyst Eric Balchunas described the fund as a “sequel” to BlackRock’s IBIT ETF. According to Balchunas, the move is more about expanding BlackRock’s crypto offerings rather than branching into other altcoins. The company has said the fund helps investors generate income from Bitcoin while keeping risks lower than direct exposure.
How the ETF Works
The SEC has acknowledged Nasdaq’s submission and confirmed that the ETF meets the eligibility requirements under the General Listing Standards. The commission has opened a period for public comments on the proposed rule change.
Unlike the IBIT ETF, which tracks the spot price of Bitcoin, the Premium Income ETF is designed to earn income through covered call strategies. BlackRock explained in its filing that it will sell call options mainly on IBIT or on indexes that track spot Bitcoin ETPs. The ETF will hold spot Bitcoin, IBIT, cash, and possibly exchange-listed FLEX options.
Meanwhile, BlackRock is also updating its other crypto ETFs, including the iShares Bitcoin ETF (IBIT) and iShares Ethereum ETF (ETHA). Both funds are expected to operate under generic listing standards starting in Q1 2026.
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