The U.S. Securities and Exchange Commission granted accelerated approval on Friday, May 29, 2026, for Nasdaq to list and trade shares of the iShares Bitcoin Premium Income ETF under Nasdaq Rule 5711(d), which governs Commodity-Based Trust Shares.
The Trust is an actively managed bitcoin income product sponsored by iShares Delaware Trust Sponsor LLC, an indirect subsidiary of BlackRock, Inc. BlackRock Financial Management, Inc. serves as investment adviser. Coinbase Custody Trust Company, LLC handles bitcoin custody.
The fund holds bitcoin, shares of iShares Bitcoin Trust ETF (IBIT), and cash. It writes call options primarily on IBIT and, at times, on indices that track spot bitcoin ETPs. The fund monetises bitcoin exposure by selling upside participation in exchange for an option premium.
Nasdaq Rule 5711(d) does not currently contemplate actively managed products. To address this, Nasdaq added representations around firewall requirements between the adviser and any affiliated broker-dealer, material nonpublic information controls, and trading halt conditions tied to equal portfolio dissemination.
The SEC found those additions sufficient and received no public comments on the proposal.
Nasdaq originally filed the rule change in September 2025. The SEC instituted proceedings in December 2025 before approving the amended proposal on an accelerated basis ahead of its May 30 deadline.
The approval came one week after the SEC separately cleared Nasdaq Bitcoin Index Options for listing on Nasdaq PHLX.
