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BITAiShares Bitcoin Premium Income ETF

Get incomeTake a betNewRanked #246 of 926 in this goal

Seeks to reflect the price of bitcoin while generating premium income via an actively managed covered-call strategy.

By iShares · Launched 2026

Annual Cost

0.65%

#3,416 of 5,822 · average

Fund Size

$28M

#4,218 of 5,822 · small

Dividend YieldGoal

Track Record

2 months

#5,650 of 5,822 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,088+0.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

Global

Strategy

Option income

What it actually holds

By weight

Concentration

Top 1 holdings = 33.3% of fundwell diversified

iShares Bitcoin Trust ETFIBIT
33.3%

Asset allocation

Other
100.3%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
35.6%High

Year-on-year price swings

Max drawdown
-81.8%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.29Below average
Sortino (3Y)
-0.41Moderate downside risk

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks to reflect the price of bitcoin while generating premium income via an actively managed covered-call strategy.
Strategy
Holds bitcoin and shares of the iShares Bitcoin Trust ETF (IBIT), and runs an actively managed covered-call (buy-write) strategy writing call options primarily on IBIT shares and, from time to time, on ETP Indices tracking spot bitcoin ETPs. Generates premium income from the written options while seeking to reflect bitcoin's price performance.
Inception date
June 9, 2026
Fund family
iShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-01