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BlackRock’s Bitcoin Premium Income ETF Heads To Nasdaq In SEC Filing

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Nasdaq has filed paperwork with the US Securities and Exchange Commission to list the BlackRock iShares Bitcoin Premium Income ETF, a product designed to generate income by selling options on bitcoin-linked holdings.

The proposal was submitted on September 30, 2025, and the SEC has opened a comment period as part of its review.

Trust Holdings And Structure

According to the Nasdaq filing, the Trust will hold primarily bitcoin, shares of BlackRock’s iShares Bitcoin Trust (IBIT), cash, and the premiums earned from written options on IBIT or on indices that track spot bitcoin ETPs.

The product is described as an actively-managed exchange-traded product that the sponsor intends to be treated as a publicly-traded partnership for US federal tax purposes.

BlackRock iShares Bitcoin Premium Income ETF filing. Source: Nasdaq

The filing also sets a minimum of 80,000 Shares required to be outstanding at commencement, and lists trading hours from 4:00 a.m. to 8:00 p.m. ET. BlackRock’s move follows a wider push by asset managers to offer income-style crypto products.

Reports have disclosed that the new ETF would collect premiums by writing covered calls, a strategy meant to produce regular distributions for investors who want yield rather than pure price exposure.

Source: BlackRock

Analysts quoted in market coverage say the approach limits upside in strong rallies but can smooth returns when bitcoin moves sideways or down.

How The Covered-Call Strategy Works

Covered calls are straightforward in concept but not without risk. The Trust would hold IBIT and bitcoin while selling call options against those holdings to collect premiums.

If the calls are exercised early, the filing says IBIT shares may be delivered out to the options clearer; certain OTC options would be cash-settled.

That mix of physical holdings and options income is intended to create a yield-focused product that behaves differently from a spot ETF.

BTCUSD trading at $118,601 on the 24-hour chart: TradingView

Market watchers note this is not BlackRock’s first bitcoin product. Based on reports, IBIT has already become a major vehicle for US investors since its launch, reaching large asset levels quickly and helping to normalize bitcoin exposure inside regulated funds.

That track record likely makes it easier for BlackRock to pitch a second, income-focused offering to both retail and institutional audiences.

Regulatory Steps

The next steps are procedural but important. The SEC’s notice solicits public comments and will consider whether the proposed listing satisfies Nasdaq’s Rule 5711(d) and investor-protection standards.

If the SEC requires changes — for example on disclosure around OTC options or daily NAV dissemination — Nasdaq and BlackRock would have to respond before trading can begin.

Featured image from Finance Feeds, chart from TradingView

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21Shares Updates Solana Etf Filing Ahead Of Sec October Decisions
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21Shares Updates Solana ETF Filing Ahead of SEC October Decisions

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21Shares, an ETF issuer, has filed an updated S-1 for its proposed Solana (SOL) ETF, providing fresh details on staking and in-kind redemptions

The U.S. Securities and Exchange Commission (SEC) is reviewing the filing, with decisions expected in October. The amendment explains how the fund would handle redemptions in kind and clarifies staking procedures. 

Other issuers, including Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary, have also submitted similar revisions in recent days as they actively respond to SEC feedback. Currently, about nine applications for Solana ETFs are pending with the SEC. 

SEC Decisions in October Could Shake The Markets

Meanwhile, October is gaining significance as a month for the crypto sector.The Several applications, including ETFs related to Solana, XRP, Litecoin, as well as Cardano, are expected to be decided upon by the SEC. Deadlines for these filings are spread throughout the month, and the SEC recently removed all delay notices, leaving the door open for approvals.

Earlier this month, the SEC approved updated listing standards for crypto ETFs, which may have streamlined the approval process.

Under the new rules, a crypto ETF must be listed on a heavily monitored market, have a futures contract overseen by the CFTC for six months, or be linked to an existing ETF holding at least 40% of the cryptocurrency.

Also Read: Polkadot’s Community Supports Plans For a DOT-Backed Stablecoin



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Crypto Custodian BitGo Reports $90 Billion In US IPO Filing - Details
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Crypto Custodian BitGo Reports $90 Billion In US IPO Filing – Details

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According to the latest report, crypto custody company BitGo has filed an initial public offering (IPO) in the United States. This strategic move comes as several digital asset firms look to take advantage of the improving climate under United States President Donald Trump’s administration.

BitGo Records $4.2 Billion Revenue In First Half Of 2025

On Friday, September 19, BitGo submitted an S-1 filing with the US Securities and Exchange Commission (SEC) for an initial public offering. The crypto custodian aims to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol “BTGO,” the document revealed.

This latest filing comes after BitGo initially submitted a confidential draft version of S-1 IPO document in July. The firm is looking to join a strong list of recent public debuts in the United States by crypto companies, including Circle, Bullish, and Figure.

In the S-1 filing, BitGo disclosed that it held around $90.3 billion worth of assets on its platform as of June 2025. Meanwhile, the crypto custody firm also claimed to have witnessed a revenue growth in the first half of the year, with $4.2 billion compared to $1.1 billion in the first six months of 2024.

Source: SEC

Based on the terms of the S-1, BitGo co-founder and CEO Mike Belshe will retain majority voting power under a dual-class share structure, holding Class B shares with 15 votes each. This detail will ensure that BitGo remains a “controlled company” under NYSE rules. 

The filing read:

Although we do not currently intend to rely on any such exemptions, we may do so in the future and if we utilize any of the exemptions, you will not have the same protections as those afforded to stockholders of companies that are subject to such governance requirements” and “Management - Controlled Company Status” for more information.

As already mentioned, several crypto firms have seen notable public market debuts over the past few months. Meanwhile, other major companies, including Gemini and Grayscale, are also looking to go public in the United States.

Crypto Firms Continue To Flourish Under Trump

Following the election of Donald Trump as US president, the US crypto landscape has witnessed a positive shift. This change has arrived on the back of a clearer regulatory regime, as seen with the introduction of crypto-focused bills such as the GENIUS Stablecoin Act.

Moreover, the “crypto treasury” frenzy is also another example to point at, as more publicly traded firms are actively acquiring digital assets on their balance sheet. This rise in the institutional adoption of cryptocurrencies can be seen in the continuous growth of the market, with various assets reaching multiple all-time highs in the past few months.

The total crypto market capitalization on the daily timeframe | Source: TOTAL chart on TradingView

Featured image from Shutterstock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitgo Discloses Its Financials In Latest Sec Filing Ahead Of Ipo
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BitGo Discloses its Financials in Latest SEC Filing Ahead of IPO

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BitGo, a U.S.-based cryptocurrency custody firm, has said that its revenue in the first half of 2025 was $4.19 billion, almost four times what it was the year before. The firm also stated that its net profit was $12.6 million in its IPO filing with the U.S. Securities and Exchange Commission (SEC). 

The disclosure comes amid BitGo officially filing an S-1 registration statement to go public via an IPO. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol BTGO, with investment banks Goldman Sachs and Citigroup serving as underwriters. 

In its SEC filing, which the company made public on September 20, 2025, it cited that the finances are for the years ending December 31, 2022-2024, plus the first half of 2025. The company wants to raise capital, give investors access to liquidity, and maybe take advantage of its strong financial performance. The papers show that the company has made notable profit recently and is likely betting on investors being interested in digital asset custody as the use of cryptocurrencies and institutional demand for them grows. 

SEC engages BitGo on Project Crypto

As part of the SEC’s Project Crypto program, BitGo executives, including CEO Mike Belshe and VP of Corporate Development J. Baylor Myers, met with SEC Chairman Paul Atkins earlier this month on September 12. The main points of the discussion focused on updating custody rules for digital assets and strengthening cybersecurity and private key protections. 

Also Read: Trust Wallet Token Price Surges 30% to $1.26 Following CZ X Post



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XRP
Crypto Trends

Rumors Of BlackRock Buying XRP Via Coinbase Makes Waves. Is An XRP ETF Filing Coming?

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The Ripple community is once again caught up in speculation after data showed a steep drop in Coinbase’s XRP holdings. Instead of seeing it as a sell-off, some commentators believe the decline could be linked to BlackRock quietly moving into position through Coinbase Custody. The rumors are persistent, even though BlackRock has already shot down earlier claims about a Spot XRP ETF filing. Nonetheless, this has left many to wonder if there’s more happening behind the scenes than the company is willing to admit.

Coinbase’s Holdings And BlackRock Rumor

Recent on-chain data revealed that Coinbase’s XRP stash has decreased drastically since the second quarter of 2025. This decrease has seen the amount of coins held by Coinbase fall from 780.13 million to about 199 million, with a 57% fall in August alone.

Considering the scale of this decline, the movement has stirred up different rumors. Some investors are of the notion that these are actually intended sell-offs by Coinbase, while others are of the notion that they are only strategic transfers involving institutions. Crypto analyst Crypto X AiMan addressed the situation in a video posted on the social media platform X, where he noted that Coinbase is not dumping the coin, despite claims circulating within the community. 

According to the analyst, the reduction is more likely linked to BlackRock, and his team had previously highlighted multiple BlackRock-XRP connections. As such, he admonished investors not to interpret the drop in Coinbase’s wallets as bearish but rather as a sign of shifting custody arrangements, possibly connected to the world’s largest asset manager.

BlackRock’s Position On An XRP ETF

Comments about BlackRock’s interest in the digital asset are growing louder each day, but it is worth noting that the company has already denied reports of filing for a Spot XRP ETF. A company spokesperson for BlackRock recently clarified that no such product has been filed with the SEC. 

Nevertheless, the decrease in Coinbase’s wallets coincides with recent developments involving BlackRock’s partnership with Coinbase, which suggests that an official move relating to a Spot XRP ETF could be in the works. Given BlackRock’s embrace of other crypto ETFs, including Bitcoin and Ethereum, it is only a matter of time before the altcoin joins the lineup.

Although BlackRock has not confirmed any intentions, the rumors alone have increased interest among many holders, as shown by comments on social media. As many as eight other asset managers have filed for a Spot XRP ETF with the SEC, and many investors are still anticipating that a formal filing might arrive sooner than expected. 

At the time of writing, the connection between Coinbase’s reduced holdings and BlackRock is speculative, but as the third-largest crypto by market cap, the idea of Spot XRP ETFs hitting the market soon should not be ruled out.

Price trading at $2.97 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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XRP
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SEC Receives Filing For XRP Option ETF From $12-B Amplify

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Based on an SEC filing, Amplify — an asset manager overseeing $12.6 billion — has submitted paperwork for an XRP Option Income ETF that it plans to list on the Cboe BZX Exchange and start trading in November.

Rather than buying XRP outright, the fund seeks market exposure by holding ETFs that track XRP and by writing options to generate yield.

Amplify Seeks An Options-Based XRP Play

The filing outlines the fund’s composition. A minimum of 80% of the portfolio will be invested in instruments tied to XRP’s price, including shares of XRP ETFs and options written on those ETF shares.

The other 20% will be allocated to US Treasuries, cash, or similar short-term instruments. The fund intends to use option contracts to build synthetic exposure — for instance, pairing bought calls with sold puts at identical strikes and expirations, or buying in-the-money calls.

That arrangement is designed to produce steady option premium income from selling options on ETFs referencing XRP.

Futures Action Suggests Demand

Analysts look to futures markets for indications of investor demand. CME XRP futures and futures-linked ETFs have had momentum in the past, indicating there is demand.

Nate Geraci, president and chairman of The ETF Store, has been projecting approvals could unleash high levels of interest in XRP products, likening the inflows to what occurred with Bitcoin futures-linked ETFs.

Look at all of the crypto ETF filings out there…@JSeyff doing God’s work tracking these.

What I mean by “crypto ETF floodgates about to open soon”. pic.twitter.com/9tpcrtnQjm

— Nate Geraci (@NateGeraci) August 28, 2025

Big capital flows followed the introduction of Bitcoin futures ETFs, and a few market observers anticipate similar flows for other tokens if access to spot ETFs widens.

Indirect Exposure, Different Risks

Because the fund won’t hold the token directly, investors would gain indirect exposure to price swings in XRP through ETF shares and derivative strategies rather than direct token custody.

XRPUSD now trading at $2.8. Chart: TradingView

That contrasts with the spot ETF bids currently pending with the SEC. Amplify’s structure may attract investors chasing option premium while avoiding the operational and custody issues tied to holding XRP directly.

NEW: Here is a list of all the filings and/or applications I’m tracking for Crypto ETPs here in the US. There are 92 line items in this spreadsheet. You will almost certainly have to squint and zoom to see but best I can do on here pic.twitter.com/lDhRGEQBoW

— James Seyffart (@JSeyff) August 28, 2025

Regulatory Backdrop And A Crowded Queue

Reports show Amplify’s filing raises the tally of XRP ETF applications in the US to 16. Among those are seven spot ETF bids from Grayscale, 21Shares, Canary, Bitwise, Wisdomtree, CoinShares, and Franklin Templeton.

There are at least 96 crypto-related ETF filings with the SEC overall, according to Bloomberg analyst James Seyffart.

Market participants are watching an October deadline closely, with some expecting the agency to rule on multiple proposals around that time.

Featured image from Pexels, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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