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BlackRock Files for Bitcoin Premium Income ETF on Nasdaq

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BlackRock has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for its Bitcoin Premium Income ETF.

The filing comes as crypto exchange-traded products (ETPs) record their largest weekly outflows since November 2025. The ETF is expected to list on Nasdaq. It will mainly hold Bitcoin (BTC), shares of the iShares Bitcoin Trust (IBIT), and cash. The fund aims to follow Bitcoin’s price while also generating extra income.

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BlackRock plans to earn this income by using an options strategy, mainly selling call options on IBIT shares. At times, it may also use options tied to other Bitcoin ETPs. The fund will allow in-kind creation and redemption, meaning assets can be exchanged directly instead of using cash.

Crypto ETP Outflows Hit November High

Coinbase will act as the custodian for the fund’s Bitcoin, while Bank of New York Mellon will hold the cash. However, the filing did not reveal key details such as the ticker symbol or management fee. This move follows Nasdaq’s earlier filing to list the ETF. In December, the SEC had already begun reviewing the application to decide whether to approve it.

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The filing comes as crypto investment products face strong selling pressure. According to CoinShares, crypto ETPs saw $1.73 billion in weekly outflows, the biggest since mid-November 2025. U.S. products made up most of the losses.

Bitcoin ETPs lost $1.09 billion, while Ethereum ETPs saw $630 million in outflows. CoinShares said the sell-off was driven by weaker expectations for U.S. interest rate cuts and falling crypto prices.

Despite the outflows, BlackRock remains the largest crypto ETF issuer. Its Bitcoin ETFs hold nearly $70 billion in assets, and its Ethereum ETFs manage over $10 billion. Overall, BlackRock’s crypto funds are still up $847 million for the year.

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