BlockBeats News, January 26th, Bloomberg ETF analyst Eric Balchunas posted on social media that BlackRock has just filed the official S-1 registration statement for its upcoming iShares Bitcoin Premium Income ETF (filed with the SEC on January 23rd). The fees and ticker have not been disclosed yet.
The product’s strategy is: “To track the performance of the Bitcoin price, while providing additional income through an active management strategy, mainly by selling covered call options based on IBIT shares and occasionally trading based on ETP indices.”
BlockBeats Note: This S-1 is the first step of the product’s official registration with the SEC. The next steps may involve 19b-4 rule changes, Nasdaq listing applications, and other processes before receiving approval for official issuance and trading.
