I remember the excitement in the market when BlackRock (NYSE: BLK) launched its U.S. spot exchange-traded fund (ETF) linked to Bitcoin (BTC) in January 2024.
After all, the world's largest asset manager had decided to launch a Bitcoin product after much hesitation and the move had indicated Wall Street finally embracing cryptocurrency.
Related: BlackRock reveals retail traders' next portfolio move
More than two years have passed since then, and BlackRock's iShares Bitcoin Trust (Nasdaq: IBIT) has accumulated $62.9 billion in net inflow as of Jan. 23, as per the onchain analytics platform SoSoValue .
Its iShares Ethereum Trust (Nasdaq: ETHA), launched in July 2024, is also the largest spot Ether ETF in the U.S. The fund has accumulated $12.5 billion in net inflow.
On Jan. 21, BlackRock highlighted crypto and tokenization as themes driving markets in 2026, and IBIT is the "fastest growing ETP in history."
Now, the asset manager filed to launch another Bitcoin product.
More News:
BlackRock files to launch iShares Bitcoin Premium Income ETF
On Jan. 23, BlackRock filed the S-1 form with the Securities and Exchange Commission (SEC) to launch the iShares Bitcoin Premium Income ETF on Nasdaq.
As per the registration statement, the fund would consist of:
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Bitcoin
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IBIT shares
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Cash
The fund will reflect the price of Bitcoin and offer premium income through an actively managed strategy of selling call options on IBIT shares and, from time to time, on indices that track spot Bitcoin ETPs, including IBIT, the statement read.
In simple words, the iShares Bitcoin Premium Income ETF will provide Bitcoin exposure by tracking its price.
It will also sell call options (a financial contract that a trader buys where they bet the asset's price will rise) on IBIT and other Bitcoin indices.
The fees or premiums the ETF will earn from selling these call options will be used to pay out to investors as premium income.
Thus, a trader gets Bitcoin exposure and premium income from the sale of call options when they hold BlackRock's iShares Bitcoin Premium Income ETF.
Though the filing didn't mention details on the fund's ticker or the management fee, it revealed that Coinbase will act as the custodian of the fund's Bitcoin holdings and the Bank of New York Mellon will act as the custodian of the fund's cash holdings.
This story was originally published by TheStreet on Jan 26, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
