BlackRock: Files 65bps Fee for Bitcoin Premium Income ETF

BlackRock filed its latest amendment for the Bitcoin Premium Income ETF $BITA, locking in a 65bps fee that undercuts the 95bp and 99bp leaders in the covered call category while remaining above $IBIT.

The filing signals an imminent launch as the firm races Goldman, whose product is slated to go effective around July 1. On the four-hour chart BTC sits at $62075.22 inside a bearish structure where the EMA50 at $64085.34 caps upside and the MACD death cross at -481.43 keeps downside pressure intact; neutral RSI at 46.77 leaves room for a test of the lower Bollinger band support at $60726.92 before any rebound attempt.