The post BlackRock’s Bitcoin Income ETF Returns to SEC Review appeared on BitcoinEthereumNews.com.

Bitcoin A proposed Bitcoin-linked ETF from BlackRock has re-entered the regulatory spotlight, as the U.S. Securities and Exchange Commission resumes its examination of Nasdaq’s listing request. The move follows earlier procedural delays and signals that the agency sees unresolved regulatory questions tied to the fund’s structure. Key Takeaways The SEC has reopened its review of BlackRock’s Bitcoin income ETF, moving the proposal back into active regulatory consideration. The fund aims to generate yield through option strategies rather than offering pure spot Bitcoin exposure. A final decision is expected by December 31, with potential implications for future Bitcoin ETF structures.  Rather than fast-tracking a decision, the SEC has opened formal proceedings, a step typically reserved for proposals that fall outside established frameworks. This does not indicate rejection, but it confirms that the product requires deeper scrutiny than standard spot Bitcoin ETFs. An ETF Built for Yield, Not Just Price Exposure Unlike traditional Bitcoin ETFs that aim to mirror price movements, BlackRock’s iShares Bitcoin Premium Income ETF is designed around income generation. The fund would employ option-writing strategies, selling call options linked to the iShares Bitcoin Trust (IBIT) or to benchmarks tracking spot Bitcoin exchange-traded products. Alongside these strategies, the portfolio would hold spot Bitcoin, IBIT shares, and cash, creating a hybrid structure that blends direct exposure with yield-oriented mechanics. Why the Listing Rules Became a Roadblock The ETF’s active management model has been the central challenge in its approval process. Nasdaq initially sought to list the fund under generic standards created for passively managed commodity trust shares, a mismatch that quickly drew regulatory hesitation. Complicating matters further, the product allows for over-the-counter options and does not yet rely on a dedicated surveillance market. These features placed it outside the traditional boundaries of the rule set, prompting Nasdaq to pursue approval under…

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Filed under: News - @ December 17, 2025 9:28 am