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Launched · SEC filings

The iShares Bitcoin Premium Income ETF

BITANasdaqiSharesAThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$58.10−0.03 (−0.05%)

At close: Nov 2, 2026, 4:00 PM ET

A88/ 100

Rank 1 of 22 in Crypto Option Income

A88/100Rank 1 of 22inCrypto Option Income
Intraday session: down, 79 prints from 58.13 to 58.10. Range 58.06 to 59.09. Use the arrow keys to read each point.58.4058.6058.8059.0010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$96M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
32.3K sh
52W range
low $47.65high $65.49
Launched
Filings
SEC EDGAR

The ETF.net BITA Grade

Based on 4 of 6 pillars

A

Score 88 out of 100

Category
Crypto Option Income⁠
Rank
1 of 22
Six-pillar profile for BITA. Scores out of 100: Cost 90, Risk 98, Mission not scored, Tradability 85, Holdings not scored, Durability 61. Strongest: Risk (98). Weakest: Durability (61). Based on 4 of 6 pillars.

Score 88 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 100
    Rank 1 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A98 out of 100
    Rank 1 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A85 out of 100
    Rank 2 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 10 of 22

Our read on BITA

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Jun 9, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BITA$11,796
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,093
Jul 31, 2026 to Nov 2, 2026. BITA $11,796. SPY $10,093. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Jul 2026Sep 2026Nov 2026

Jul 31, 2026 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for BITA. Periods over one year show the average yearly return.
PeriodBITA
Year to dateFund launched this yearNo data
1 month−7.7%
3 months+18.0%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BITA
YearReturn barBITA
2026 YTD+15.5%

History from Jun 16, 2026

BITA in the news

BITA Dividends

Last payment
$0.73 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 4 payments in 2026 YTD. Jul 2, 2026 $0.52; Aug 4, 2026 $0.80; Sep 2, 2026 $0.66; Oct 2, 2026 $0.73. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 2, 2026Oct 7, 2026$0.73
Sep 2, 2026Sep 8, 2026$0.66
Aug 4, 2026Aug 7, 2026$0.80
Jul 2, 2026Jul 8, 2026$0.52

BITA Risk

Risk pillarA98 out of 100Rank 1 of 22 in Crypto Option Income
How much the fund’s monthly returns vary, scaled to a year.
Launched Jun 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Jun 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Jun 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
1.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BITA Cost

Tied cheapest in Crypto Option Income

$12,717

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BITA 0.65%

    $12,717

$10,000
30 years

Cost over time

  • BITA 0.65%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530BITA $12,717

Year by year

YearBITA
10$1,163
20$4,440
30$12,717

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