BlockBeats news: On January 26, Bloomberg ETF analyst Eric Balchunas posted on social media stating that BlackRock has just submitted the official S-1 registration statement for its upcoming iShares Bitcoin Premium Income ETF (filed with the SEC on January 23). The fee and ticker symbol have not yet been disclosed.
The strategy of this product is to track the performance of Bitcoin's price while generating additional income (premium income) through an active management strategy. This is primarily achieved by selling call options based on IBIT shares, and occasionally through operations based on ETP indices.
BlockBeats Note: This S-1 filing is the first step in formally registering the product with the SEC. Next steps may include a 19b-4 rule change and a Nasdaq listing application. Only after approval can the product be officially issued and traded.