BlockBeats News, June 12th, Bloomberg ETF analyst Eric Balchunas revealed that BlackRock has filed an 8-A form for its Bitcoin Strategy ETF (iShares Bitcoin Premium ETF), a step that typically indicates a formal launch within a week. The ETF's ticker symbol is BITA. This follow-up to the eagerly anticipated BlackRock Bitcoin Spot ETF IBIT has not disclosed its management fee yet, but it is expected to be 38 basis points.

BITA is a fund that uses a covered call options strategy, holding Bitcoin while earning premiums by selling covered call options and distributing the proceeds to investors, thereby transforming Bitcoin's volatility into investment returns.