SEC Resumes Review of BlackRock's Bitcoin Premium Income ETF Ahead of 31 December 2025 Deadline
On 17 December 2025, the U.S. Securities and Exchange Commission restarted its review of Nasdaq's application to list BlackRock's iShares Bitcoin Premium Income ETF, an actively managed product built around option-writing strategies rather than pure spot Bitcoin exposure. The fund's hybrid structure and listing under Rule 5711(d) have drawn deeper regulatory scrutiny, with a final decision due by 31 December 2025 that could influence how complex Bitcoin-based ETFs are treated in U.S. markets.