BlackRock’s Bitcoin income ETF offset less than 30% of its $1.2M crypto losses with options

Aug. 12, 2026 at 11:40 pm GMT • 2 min read 01 BlackRock’s BITA booked $344,849 in option gains in its first period, partially offsetting Bitcoin and IBIT losses. 02 Those gains covered about 28.7% of $1.2 million in crypto mark-to-market losses, leaving an $860,335 drop in net assets. 03 The filing uses different start dates for NAV, Bitcoin and IBIT, so the downside protection still lacks a clean comparison.BlackRock’s iShares Bitcoin Premium Income ETF (BITA) recorded $79,073 of realized gains and $265,776 of unrealized appreciation on written options in its first operating period, helping offset losses on its Bitcoin holdings and shares of the iShares Bitcoin Trust ETF (IBIT).BITA posted an $860,335 decrease in net assets from operations through June 30, its first quarterly filing shows. IBIT is BlackRock’s spot Bitcoin fund and one of BITA’s underlying investments.BlackRock's BITA recorded $782,203 of unrealized losses on Bitcoin and $417,644 on IBIT, for a combined $1,199,847. Its $344,849 of realized and unrealized option gains offset about 28.7% of those marks. A $5,337 net investment loss resulted in an overall decrease from operations of $860,335.BITA’s written options gen...