๐ฆ BlackRock Pushes Bitcoin Income ETF โฟ๐ต
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#blackRock has filed documents (S-1) with the U.S. regulator SEC for a new fund called iShares Bitcoin Premium Income ETF - which would combine exposure to Bitcoin with the goal of generating income (premium income) using strategies such as selling covered call options.
This specifically means:
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BlackRock has formally requested approval from the SEC to launch this ETF.
โ However - the fund has not yet been approved and is not trading. Although the filing has been submitted, the ETF must go through a further SEC regulatory review process before it can begin trading.
๐ง Quick fact check
Well-known sources that reported the news:
BlackRock Files With SEC to Launch iShares Bitcoin Premium Income ETF (Yahoo Finance)
BlackRock files S-1 to launch Bitcoin income-focused ETF (CryptoBriefing)
BlackRock Files S-1 With SEC for iShares Bitcoin Premium Income ETF (CoinSpeaker)
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What is known so far from the reports:
BlackRock has submitted an S-1 registration - this is the first step in the approval process.
The ETF would use options strategies (selling options) to generate regular income for investors.
There is no ticker, fee structure, or exact launch date announced yet.
๐ง What this means in practice
โ๏ธ Yes, this is a real and official development. BlackRock has initiated the process.
โ๏ธ No, the ETF has not yet been approved nor is it actively trading.
โ๏ธ The SEC must give final approval before the fund becomes available to investors.
๐ง Why this matters
๐ก If approved, this ETF could become one of the first major Bitcoin income-focused ETFs, backed by a large traditional financial institution - which is a strong signal of institutional confidence in Bitcoin.