BlackRock Files Delaware Trust to Pursue Bitcoin Premium Income ETF Using Covered Calls as IBIT Tops $98B

  • BlackRock filed a Delaware trust to register a Bitcoin Premium Income ETF using covered calls on Bitcoin futures.

  • IBIT has exceeded $98 billion in assets under management, with on-chain transfers showing ongoing Bitcoin additions via Coinbase Prime.

  • New SEC guidance could reduce ETF review windows to roughly 75 days, accelerating approvals for regulated crypto products.

Bitcoin Premium Income ETF: BlackRock files Delaware trust for a covered-call yield product as IBIT tops $98B in AUM; read how the filing and SEC rules affect investors.

BlackRock files Delaware trust for its Bitcoin Premium Income ETF, offering covered call yield as IBIT tops $98B and SEC review rules ease.

  • BlackRock files Delaware trust for Bitcoin Premium Income ETF using covered call strategy.
  • IBIT tops $98B AUM with $60B inflows as BlackRock adds 300 BTC transfers via Coinbase Prime.
  • New SEC rules may cut ETF review to 75 days as institutions seek regulated Bitcoin products.

What is the Bitcoin Premium Income ETF?

The Bitcoin Premium Income ETF is a proposed BlackRock fund that would use covered-call options on Bitcoin futures to deliver periodic income. The structure aims to provide yield to investors while limiting capital gains exposure from Bitcoin’s price rallies.

How will the covered-call strategy produce yield?

The ETF would sell call options on Bitcoin futures, collecting premiums that are paid out as yield. This approach generates steady income but caps upside participation when Bitcoin rallies. Bloomberg analyst Eric Balchunas has described the plan as a “covered call Bitcoin strategy to give BTC some yield,” reflecting market expectations that yield-focused products complement spot ETFs like IBIT.

Why did BlackRock file a Delaware trust?

BlackRock’s Delaware trust filing is a regulatory step to register the iShares Bitcoin Premium Income ETF under U.S. trust-based product frameworks. Delaware trust structures are common for commodity-based investment vehicles and can streamline custody, governance, and investor protections.

What does IBIT’s growth mean for new Bitcoin ETFs?

IBIT’s rise to more than $98 billion in assets under management signals strong institutional and retail demand for regulated Bitcoin exposure. On-chain wallet activity and 300 BTC transfers routed through Coinbase Prime indicate active management and inflows earmarked for IBIT and related custody accounts.


Frequently Asked Questions

How does a covered-call ETF differ from a spot Bitcoin ETF?

A covered-call ETF sells call options to create income, reducing upside capture compared with a spot ETF that directly tracks Bitcoin’s price. The trade-off is regular payouts versus full participation in rallies.

What are the regulatory implications of a Delaware trust filing?

Filing a Delaware trust aligns the product with established commodity-trust frameworks, clarifies custody and governance, and positions the ETF for standard SEC review under new commodity-based rules.

How should investors weigh yield vs. growth with this product?

Investors seeking consistent income may prefer yield-oriented ETFs, while those targeting full Bitcoin appreciation should consider spot exposure; allocation depends on risk tolerance and investment horizon.

Key Takeaways

  • Regulatory filing: BlackRock filed a Delaware trust to register a Bitcoin Premium Income ETF using covered calls.
  • Market momentum: IBIT’s AUM topping $98B underscores strong demand for regulated Bitcoin products.
  • Faster approvals: Updated SEC review guidance could shorten approval windows to about 75 days, enabling quicker market access.

Conclusion

BlackRock’s Delaware trust filing for a Bitcoin Premium Income ETF marks a strategic expansion into yield-focused crypto products, complementing IBIT’s dominant spot offering. Investors should assess covered-call yield against capped upside and consider custody, fees, and regulatory timing as the SEC implements shorter review windows. Monitor official filings and COINOTAG updates for developments.






Published: 2025-09-26   |   Updated: 2025-09-26

Author: COINOTAG

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