BlackRock Discloses Large Stake in iShares Bitcoin Premium Income ETF
BlackRock Portfolio Management LLC has reported beneficial ownership of 200,000 common shares in iShares Bitcoin Premium Income ETF (BITA), representing a significant 17.2% stake in the fund as of July 31st.
The filing, made on August 6th through an amended Schedule 13G, indicates that BlackRock has sole dispositive power over these shares but no voting power.
This news is notable due to the large ownership stake and the fact that it reveals who truly controls value and voting power in the fund.