BlackRock has filed a Form 8-A application with the US Securities and Exchange Commission (SEC) for the registration of iShares Bitcoin Premium Income (BITA). The new product offers investors access to a spot Bitcoin market with a revenue-generating mechanism through call options sales, primarily on IBIT’s main fund stock. According to Bloomberg’s stock market analyst Eric Balchunas, submission of form 8-A usually presages the instrument’s prompt approval, and the launch of BITA may already take place next week.

In the fourth amendment to the application, BlackRock set the sponsor’s commission at 0.65%, which is lower than that of competing Bitcoin ETFs using a strategy of hedged call options. The expansion of the line is taking place against the backdrop of the dominance of the traditional IBIT fund, with assets under management reaching $48.6 billion. The launch of an income product could help attract new capital, especially given that institutional investors reduced their positions in US spot Bitcoin ETFs by 17% in the first quarter of 2026.