Financial Giant BlackRock Files With SEC for New Bitcoin ‘Premium Income’ ETF
BlackRock wants to expand its Bitcoin (BTC) exchange-traded fund (ETF) offerings.
The world’s largest asset manager has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a new “iShares Bitcoin Premium Income” ETF.
If approved, the new product’s assets will consist primarily of BTC, shares of BlackRock’s flagship spot Bitcoin ETF (IBIT) and cash.
However, the new ETF would also include an actively managed component, according to the new filing.
Explains BlackRock,
“The Trust seeks to reflect generally the performance of the price of Bitcoin while providing premium income through an actively managed strategy of writing (selling) call options on IBIT shares and, from time to time, on indices that track spot Bitcoin exchange-traded products, including IBIT.”
The asset management giant says Coinbase Custody Trust Company would serve as the new ETF’s custodian for Bitcoin holdings, with Anchorage Digital Bank available as an alternative custodian. BNY would administer the trust and custody its cash and securities.
In addition to IBIT, BlackRock also offers the iShares Ethereum Trust (ETHA), which tracks the price of ETH, and the iShares Blockchain and Tech ETF (IBLC), which tracks the investment results of an index composed of firms involved in blockchain and crypto technologies.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Financial Giant BlackRock Files With SEC for New Bitcoin ‘Premium Income’ ETF appeared first on The Daily Hodl.
You May Also Like
Your Trusted Plumber in Sunnyvale, CA: Professional Plumbing You Can Rely On
Dogecoin Rally Sparks Meme Coin Frenzy
