BlackRock Launches BITA Yield Bitcoin ETF on Nasdaq Targeting 15-25% Income

BlackRock launched the iShares Bitcoin Premium Income ETF (BITA) on Nasdaq on June 16, 2026, marking the first yield-focused Bitcoin ETF. The product employs a covered-call strategy on IBIT to target 15-25% annual yields at a 0.65% fee while capping upside participation. The launch follows a rapid sequence of regulatory steps: a third S-1 amendment on June 6, final amendment disclosing the 0.65% fee on June 10, and Form 8-A filing on June 11 that signaled trading within days. BITA is built on BlackRock’s $47-50 billion IBIT spot ETF and competes with a Goldman Sachs product expected around July 1. Bitcoin traded near $62,700-$62,800 during the filing period amid ETF outflows.