BlackRock Launches New Bitcoin Covered Call ETF for Monthly Income

Key Facts

1BlackRock launched the BITA ETF using a covered call strategy to generate monthly income from Bitcoin volatility.

2The fund holds Bitcoin and writes call options on 25% to 35% of its portfolio with a fee of 65 basis points.

Amid growing demand for investment vehicles that blend digital assets with cash flow, BlackRock has launched the iShares Bitcoin Premium Income ETF (BITA). The new fund employs a "covered call" strategy designed to generate monthly income by harvesting volatility from Bitcoin prices. According to reports, the ETF holds Bitcoin and writes call options on 25% to 35% of its portfolio in exchange for an expense ratio of 65 basis points.

This move strengthens BlackRock's competitive position in the crypto ETF space, directly rivaling existing products like the YieldMax Bitcoin Option Income Strategy ETF (YBIT) and the BTCI fund. Compared to the firm’s flagship iShares Bitcoin Trust (IBIT), BITA offers a mechanism for partial hedging and yield generation rather than pure price exposure. Per market data, the fund debuted with initial assets under management of approximately $10.25 million.

Investors should monitor BLK shares, which closed at $1,050.09, and IBIT, which closed at $35.62 (close June 18, 2026). As crypto market volatility persists, market participants will also look toward the Eurozone Balance of Trade data scheduled for later today, which may influence broader global risk appetite.