BlackRock has just opened trading of BITA on Nasdaq this Tuesday, June 16, 2026. This Bitcoin ETF has been designed to generate up to 25% annual return. Enough to get ahead of Goldman Sachs on the starting line. In a crypto market today dominated by fear, this announcement comes like a bolt from the blue.
In brief
- BlackRock launches BITA on Nasdaq on June 16, 2026, the first yielding Bitcoin ETF in history.
- BITA targets 15 to 25% annual return via a strategy of selling covered call options on IBIT.
- BlackRock is officially ahead of Goldman Sachs in this unprecedented market segment.
BlackRock Launches First Yielding Bitcoin ETF in History
After a final process started on June 12, theiShares Bitcoin Premium Income ETF (ticker BITA) is now listed on the Nasdaq. BlackRock obtained the green light from the SEC on the evening of June 15. The first exchanges will therefore start from the opening on June 16.
BITA does not work like a classic Bitcoin ETF. Instead of simply replicating the price of BTC, it sells covered calls on IBIT positions. This is BlackRock's spot Bitcoin ETF, already described as the fastest collecting product in the history of the financial sector. These option sales then generate regular premiums paid to investors, with an annual return target between 15% and 25%.
The price to pay: participation in the rise of bitcoin capped at 70% minimum. In other words, BITA doesn't capture everything if BTC soars 100%.
As stated in a filing with the SECthe management fees are set at 0.65% per year. What makes it a tailor-made product for investors looking for passive incomenot for bitcoin maximists who refuse to curb their exposure.
BlackRock beats Goldman Sachs and places bitcoin at the heart of institutional finance
Thanks to this launch, BlackRock confirms its domination in the institutional crypto ETF market (and this, two years after the historic launch of IBIT in January 2024).
For individual investors, the signal is strong: the world's largest financial institutions are no longer betting on bitcoin on a marginal basis. They build income products around it, as they have for decades with bonds and stock dividends.
THE Fear & Greed Crypto Index yet displays 21 at the time of launch, a zone of extreme fear. Some will see this as an entry opportunity. Others, a warning that institutional enthusiasm is not enough to turn around market sentiment in the short term.
In any case, one thing is certain: BlackRock has just transformed bitcoin into an income-generating asset. This semantic and financial shift could well be the long-awaited real crypto revolution. How will investors receive this new product? To be continued…
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