BULLISH 📈 : BlackRock files S-1 for Bitcoin Premium Income ETF with SEC

Global investment firm BlackRock has filed an S-1 application with the US SEC to launch an iShares Bitcoin Premium Income ETF. This ETF would primarily consist of Bitcoin and shares of the iShares Bitcoin Trust ETF (IBIT), alongside cash premiums.

The ETF aims to track Bitcoin's price performance while generating income through actively managed strategies involving selling call options on IBIT shares.
No fee structure or ticker symbol has been announced yet, and the product is pending SEC approval, which could take several months.
If approved, the ETF will be listed on the NASDAQ exchange.
Similar products include the Grayscale Bitcoin Premium Income ETF and YieldMax Bitcoin Option Income Strategy ETF.
The ETF allows investors to earn income from Bitcoin holdings through option writing, treating Bitcoin as both a value store and a yield-generating asset.
Potential risks include capped income if Bitcoin prices surge, benefiting direct holders more than ETF investors.