BlackRock has submitted an 8-A form to the U.S. Securities and Exchange Commission to register the iShares Bitcoin Premium Income ETF (BITA), which is based on the leading cryptocurrency.
This product aims to provide access to the spot Bitcoin market while generating income. The fund plans to sell call options primarily on its own IBIT shares, and occasionally on spot Bitcoin ETP indices.
Bloomberg analyst Eric Balchunas suggested that BITA could launch as soon as next week.
BlackRock filed an 8-A for the Bitcoin Premium Income ETF $BITA. That typically means launch in one week. So if I had to bet I'd say next Thur $BITA goes live. We'll see tho. pic.twitter.com/jvJY8yhslh
— Eric Balchunas (@EricBalchunas) June 11, 2026
According to him, the submission of the 8-A typically indicates that approval for the instrument is imminent.
Previously, BlackRock submitted a fourth amendment to its BITA application, stating a sponsor fee of 0.65%, which is lower than that of competing Bitcoin ETFs with covered call strategies.
The traditional IBIT Bitcoin fund from BlackRock has maintained a leading position since its launch in January 2024. As of this writing, the fund's assets under management total $48.6 billion.
IBIT Performance. Source: SoSoValue.It’s worth noting that in the first quarter of 2026, institutional investors filing 13F forms reduced their positions in U.S. spot Bitcoin ETFs by 17%.