BlackRock is planning to launch a new iShares Bitcoin Premium Income ETF, offering spot exposure to Bitcoin while generating returns through options strategies. This plan was disclosed in a recent filing with the U.S. Securities and Exchange Commission (SEC). The filing shows that the ETF will be similar to BlackRock's existing IBIT Bitcoin ETF, primarily tracking price performance by directly holding Bitcoin. The difference lies in the new fund's active management of a covered call strategy, generating returns by selling call options and receiving premiums. The underlying asset will be IBIT-related options. The fund's trading code has not yet been announced. If successfully launched, this will further enrich the market's portfolio of crypto asset investment products that sacrifice some upside potential for stable returns.