iShares Bitcoin Premium Income ETF (NASDAQ:BITA) filed a Form 10-Q with the SEC on November 6, 2026, covering the quarterly period ended September 30, 2026, its first full reporting period since the fund was seeded on April 21, 2026.

Key Highlights

  • Net assets of $94,686,184 were reported at September 30, 2026, up from $42,647,463 at June 30, 2026.
  • Net asset value per share stood at $63.12 as of September 30, 2026, with 1,500,000 shares issued and outstanding.
  • Net increase in net assets from operations totaled $19,769,064 for the three months ended September 30, 2026, driven primarily by $22,859,720 in net unrealized appreciation.
  • Distributions to shareholders of $2,207,450 were made during the three months ended September 30, 2026.
  • Bitcoin held at fair value was $65,072,826 (777 bitcoin) at a cost of $49,856,662 as of September 30, 2026.
  • Options written at value totaled $1,499,141, against premiums received of $1,132,254, as of September 30, 2026.
  • As of October 31, 2026, the registrant had 1,660,000 shares outstanding, according to the filing.

Fund Activity and Financial Results for BITA's Inaugural Reporting Period

According to the filing, iShares Bitcoin Premium Income ETF was seeded on April 21, 2026, and the 10-Q covers both the three months ended September 30, 2026, and the cumulative period from that seeding date. The fund reported total assets of $96,225,054 and total liabilities of $1,538,870, yielding net assets of $94,686,184 at September 30, 2026. The fund's primary holdings consisted of bitcoin valued at $65,072,826 and affiliated investments, primarily iShares Bitcoin Trust ETF shares (654,888 shares at fair value of $31,028,594), plus a money market position in BlackRock Cash Funds: Treasury, SL Agency Shares.

The filing disclosed a net investment loss of $96,104 for the three-month period, reflecting $97,641 in total expenses net of a $14,069 sponsor fee waiver, against minimal dividend income of $1,537. The sponsor's fee for the quarter was $111,414 before the waiver. Net realized loss from operations totaled $2,994,552 for the quarter, attributable largely to $2,990,767 in net realized losses on options written. This was more than offset by $22,859,720 in net unrealized appreciation, primarily from bitcoin holdings and affiliated investments, producing a net increase in net assets from operations of $19,769,064 for the quarter.

Capital share activity during the three months ended September 30, 2026 included contributions for shares issued of $36,523,327 and distributions for shares redeemed of $2,046,220, for a net increase from capital share transactions of $34,477,107. For the full period from seeding through September 30, 2026, the filing reported 1,540,000 shares issued and 40,000 shares redeemed, for a net increase of 1,500,000 shares outstanding. Cash at the end of the period was $2,203, following net cash used in operating activities of $76,444,500 and net cash provided by financing activities of $76,446,703.

What Was Disclosed

The filing reported the fund's unaudited financial statements for its first periods of operation since April 21, 2026, including its balance sheet, results of operations, changes in net assets, cash flows, and schedule of investments as of and for the period ended September 30, 2026.