Crypto

BlackRock's New Fund Pays You to Wait for Bitcoin's Recovery

Guavy AI Editorial Team Published August 5, 2026

Instruments

BTC

The iShares Bitcoin Trust ETF (NASDAQ:IBIT) has seen a significant decline of 44.19% over the past year, mirroring the drop in Bitcoin's price. This ETF provides regulated, ticker-based spot Bitcoin exposure at an expense ratio of 0.25%, with no wallets, no keys, and no exchange counterparty risk.

However, one major drawback is that it pays no distributions. In contrast, the iShares Bitcoin Premium Income ETF (NASDAQ:BITA) launched in June 2026 takes a different approach. It holds Bitcoin exposure through spot Bitcoin ETFs, primarily Grayscale Bitcoin Mini Trust and IBIT, then writes call options against that book to harvest premium.

BITA collects option premiums monthly, paying approximately $9.59 per share annually, as seen from its August ex-date payment of $0.799235 per share. This fund has already accumulated $558 million in assets since launch, making liquidity no longer a concern.

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