The iShares Trusts are not investment companies registered under the Investment Company Act of 1940, and therefore are not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940.
Why investors should consider BITA
01.
Growth with Income Potential
BITA seeks to capture the majority of bitcoin’s upside combined with monthly income
02.
Built for Efficiency
BITA’s differentiated structure holds bitcoin (and IBIT) directly for tax-efficient growth1 while selling options on IBIT that benefit from lower 60/40 taxation2 as section 1256 contracts3
03.
BlackRock Platform
BITA builds on IBIT, the world’s largest and most liquid bitcoin ETP,4 bringing together BlackRock’s bitcoin and derivatives expertise in a convenient wrapper
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Review key fund information and know your objectives before you invest.
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iShares ETFs are available to purchase through a brokerage account or with a financial advisor.
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iShares funds are available through online brokerage firms. All iShares ETFs and ETPs trade commission free online through Fidelity.
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Buy now on Fidelity Contact your advisor
Contact a financial professional to discuss how iShares ETFs and ETPs can fit in your investment portfolio.
Email your advisor Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.
Any links to third-party websites are provided for use at your own discretion. Each third party is solely responsible for the content presented and availability of its website. BlackRock does not control, monitor or maintain third-party websites, their content or the products/services they offer. Content may change without notice. When you leave BlackRock’s website and enter a third-party website, you will be subject to that site’s terms, policies and/or notices, including those related to privacy and security, as applicable. Please review those policies and notices on the third-party website.
Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
©2024 BlackRock, Inc or its affiliates. All Rights Reserved. BLACKROCK, iSHARES, iBONDS, LIFEPATH, ALADDIN and the iShares Core Graphic are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
iCRMH1124U/S-3985892 -
iShares ETFs are available to purchase through a brokerage account or with a financial advisor.
Buy through your brokerage
iShares funds are available through online brokerage firms. All iShares ETFs and ETPs trade commission free online through Fidelity.
By clicking on the button below, you will leave BlackRock’s website.
Buy now on Fidelity Contact your advisor
Contact a financial professional to discuss how iShares ETFs and ETPs can fit in your investment portfolio.
Email your advisor Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.
Any links to third-party websites are provided for use at your own discretion. Each third party is solely responsible for the content presented and availability of its website. BlackRock does not control, monitor or maintain third-party websites, their content or the products/services they offer. Content may change without notice. When you leave BlackRock’s website and enter a third-party website, you will be subject to that site’s terms, policies and/or notices, including those related to privacy and security, as applicable. Please review those policies and notices on the third-party website.
Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
©2024 BlackRock, Inc or its affiliates. All Rights Reserved. BLACKROCK, iSHARES, iBONDS, LIFEPATH, ALADDIN and the iShares Core Graphic are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
iCRMH1124U/S-3985892 -
iShares ETFs are available to purchase through a brokerage account or with a financial advisor.
Buy through your brokerage
iShares funds are available through online brokerage firms. All iShares ETFs and ETPs trade commission free online through Fidelity.
By clicking on the button below, you will leave BlackRock’s website.
Buy now on Fidelity Contact your advisor
Contact a financial professional to discuss how iShares ETFs and ETPs can fit in your investment portfolio.
Email your advisor Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.
Any links to third-party websites are provided for use at your own discretion. Each third party is solely responsible for the content presented and availability of its website. BlackRock does not control, monitor or maintain third-party websites, their content or the products/services they offer. Content may change without notice. When you leave BlackRock’s website and enter a third-party website, you will be subject to that site’s terms, policies and/or notices, including those related to privacy and security, as applicable. Please review those policies and notices on the third-party website.
Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
©2024 BlackRock, Inc or its affiliates. All Rights Reserved. BLACKROCK, iSHARES, iBONDS, LIFEPATH, ALADDIN and the iShares Core Graphic are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
iCRMH1124U/S-3985892
Frequently asked questions
BITA is an exchange traded product (ETP) designed to give investors exposure to the majority of bitcoin’s upside while seeking monthly income. It does this by combining bitcoin exposure with an income generating covered call strategy managed by professionals.
BITA seeks to generate income by writing call options on IBIT. BITA intends to make monthly distributions based on the option premiums collected.
Yes! BITA gets its long bitcoin exposure by owning spot bitcoin directly and by holding IBIT, the world’s largest and most liquid spot bitcoin ETP.4
If your goal is to get one-for-one exposure to bitcoin, you can purchase it directly or use a bitcoin ETP, like IBIT. If you want bitcoin exposure but are uncomfortable with its full risk profile or you seek income on your investment, BITA seeks to provide exposure to most of bitcoin’s upside while offering the potential for premium income.
A covered call strategy involves holding an asset and selling call options on it to generate premium income. Within ETPs, the premium income can be distributed out to investors on a regular cadence.
A covered call exchanges a portion of the asset’s upside participation for upfront premium income payments. This income may help to increase returns in down, flat, or moderately positive markets, while accepting that it will partially dilute returns if the asset moves sharply higher.
Options do not gain or lose value in a one-for-one relationship with the underlying asset. An option buyer's maximum loss is limited to the premium paid for the option, while the potential value of the option can increase significantly if the underlying asset experiences a large price move. Because larger future price swings increase the chance that an option becomes valuable, options on volatile assets are more expensive and typically generate higher premiums for the seller, all else equal. This is sometimes described as a volatility-driven income approach, where the strategy seeks to monetize market volatility through options-related exposure.
As a result, BITA’s income may fall (rise) if bitcoin’s price volatility declines (rises).
No. Income is not guaranteed and can vary based on market conditions and option premiums. Some months may pay more, others less.
BITA leverages a differentiated partnership structure that we believe to be a more tax-efficient implementation for this strategy compared to an ETF registered under Investment Company Act of 1940 (“1940 Act ETF”). This does, however, require a modestly different tax reporting process. The partnership enables BITA to hold spot bitcoin (and IBIT) directly for tax-efficient growth while selling options on IBIT that benefit from lower 60/40 blended capital gains taxation as Section 1256 contracts. This physical implementation enables the spot bitcoin in the partnership to compound on a tax deferred basis until the investor decides to exit. Partnerships also do not require year-end capital gain distributions, and capital losses can be passed through and used to offset other investment gains rather than being stuck as a tax loss carryforward inside of the ETF.
K-1s are anticipated to be available in March and will be found here. Investors should review the tax information carefully and consider consulting a tax professional.
Retirement accounts generally are not subject to tax or tax return filing requirements on income generated by a partnership investment unless the Schedule K-1 reports "unrelated business taxable income" — also known as UBTI. Many custodians monitor UBTI and manage any necessary tax filings. Investors interested in holding BITA through a retirement account are encouraged to reach out to their custodian or broker for information on what support they offer. See the “Taxation of U.S. Tax-Exempt Shareholders” in the prospectus for more details.
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Ready to invest?
iShares ETFs are available to purchase through a brokerage account or with a financial advisor.
Contact your advisor
Contact a financial professional to discuss how iShares ETFs can fit in your investment portfolio.
Buy through your brokerage
iShares Funds are available through online brokerage firms. All iShares ETFs trade commission free online through Fidelity.
By clicking on the button below, you will leave iShares.com
Carefully consider the Funds' investment objectives, risk factors, and charges and
expenses before investing. This and other information can be found in the Funds' prospectuses or, if
available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock
Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk,
including possible loss of principal.
Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the
firm as well as the services provided. Free commission offer applies to online purchases of select
iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from
$0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF
sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes
promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services
platforms and investment programs. Please note, this security will not be marginable for 30 days from
the settlement date, at which time it will automatically become eligible for margin collateral.
Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s
prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
iCRMH1024U/S-3988796
