

The iShares Bitcoin Premium Income ETF
$62.23+0.23 (+0.37%)
- 0.65%
- $97M
- 0M sh
- $61.70
- low $47.65high $65.49
The ETF.net BITA Grade
Score 89 out of 100
- 1 of 22
Score 89 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A90 out of 100Rank 1 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A98 out of 100Rank 1 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A87 out of 100Rank 1 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 10 of 22
Our read on BITA
ABlackRock's take on the bitcoin income trade: own actual bitcoin, then sell calls on only a quarter to a third of it. Most crypto covered-call funds hand over the upside to buy the yield. This one is built to leave most of it on the table.
The Trust seeks to reflect the performance of bitcoin while generating premium income through an actively managed strategy of selling call options primarily on IBIT shares and, from time to time, on ETP indices.
Why people hold it
- Holds spot bitcoin and IBIT shares directly, and the sponsor aims to write calls on a predetermined 25% to 35% of notional value, leaving the majority of the position unwritten.sec.gov
- 0.65% expense ratio, below the 0.85% typical of crypto options-income funds and at the low end of the category's strongest implementations (BTCC 0.66%, CEPI 0.85%, YBTC 0.96%).
- The partnership wrapper earns its keep: IBIT options are Section 1256 contracts eligible for 60/40 blended rates, and partnerships skip forced year-end capital gain distributions.ishares.com
- Among the better-built options in a crowded crypto income shelf, with the calls written on IBIT, the deepest-traded bitcoin ETP options market.ishares.com
Worth knowing
- That same partnership structure means a Schedule K-1 instead of a 1099, which lands later in tax season and can add filing steps.ishares.com
- Calls written on part of the book cap gains on that slice. The premium income is paid for with upside, not conjured from thin air.sec.gov
- Launched in 2026 and structured as a trust outside the Investment Company Act, so the record is short and it trades lighter than the category's biggest names.sec.gov
BITA Holdings
- Other
- 4
- 101%
- Bitcoin
Geography
- United States100.00%
BITA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BITA |
|---|---|
| Year to date | — |
| 1 month | +6.4% |
| 3 months | +24.9% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BITA |
|---|---|---|
| 2026 YTD | +23.2% |
BITA in the news
BITA Dividends
- $0.73 per share
- Monthly
Distribution data unavailable.
Distribution history
BITA Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BITA Cost
- The middle half of Crypto Option Income funds
- Median 0.85%
No Crypto Option Income fund charges less.
Other funds in Crypto Option Income
- BBTCCGrayscale Funds TrustExpense ratio 0.66%1 year return −27.6%
- BBAGYAmplify Bitcoin Max Income Covered Call ETFExpense ratio 0.65%1 year return −37.4%
- BCEPIREX Crypto Equity Premium Income ETFExpense ratio 0.85%1 year return +10.3%
- BYBTCRoundhill Investments - Bitcoin Covered Call Strategy ETFExpense ratio 0.95%1 year return −31.0%
- CXBCINEOS Boosted Bitcoin High Income ETFExpense ratio 0.98%1 year return —



