BlackRock strikes hard: New "Bitcoin Senior Yield ETF" application exposed, giant's $100 billion digital asset territory expands again.

The world's largest asset management company, BlackRock, has submitted an application to launch a new product called Bitcoin Premium Income ETF. This move is the latest initiative by the giant, which manages $12.5 trillion in assets, in the Crypto Assets product space, aiming to provide additional income for its Bitcoin Holdings through a Covered-Call strategy. Currently, BlackRock has become the largest institutional digital asset custodian, holding Bitcoin and Ethereum with a total value exceeding $101 billion. Meanwhile, the U.S. SEC recently voted to approve new rules to expedite the approval of Crypto ETF, paving the way for more altcoin ETFs, including Solana and XRP, and signaling a full-blown surge in the Crypto ETF market.

BlackRock Launches Income-Generating Bitcoin Product, Solidifying ETF Market Dominance

BlackRock's application for the Bitcoin Premium Income ETF aims to provide a differentiated investment product to meet the demand of traditional financial investors seeking stable income streams from digital assets.

· Covered Call Strategy: The core of the proposed ETF is the covered call options strategy, which provides additional income (Premium Income) to its holders by holding Bitcoin spot and selling corresponding call options. Bloomberg analyst Eric Balchunas stated that this product is positioned as a “sequel” following the company's iShares Bitcoin Trust (IBIT, with assets of $87 billion).

· Profit Center: This application comes at a time when BlackRock's digital asset business is rapidly expanding. Data shows that the company's Bitcoin and Ethereum ETFs generate over $260 million in revenue annually, with Bitcoin products contributing $218 million. Analysts believe that the tremendous success of these funds indicates that crypto ETFs are no longer a simple market experiment, but rather an important source of profit for asset management companies.

· Digital Asset Giant: According to on-chain data from Arkham Intelligence, BlackRock is currently the largest custodian of Bitcoin and Ethereum among institutions. Its Holdings include over 756,000 Bitcoins (worth $85.29 billion) and 3.8 million Ethers (worth nearly $16 billion), with total custodial digital asset value surpassing $101 billion. The company tends to engage in large-scale purchases during market downturns, further solidifying its key position in the crypto market.

Strong Asset Inflows and Exploration of Tokenization Frontier

BlackRock's布局 in digital assets is not only reflected in ETFs but also delves into financial innovations such as tokenization, demonstrating its strategic ambition to fully embrace digital assets.

· Continuous inflow of funds: Data shows that BlackRock's Ethereum-linked fund recorded a net capital inflow of $512 million last week. In its second-quarter earnings report, the company disclosed that digital asset inflows reached $14.1 billion, and although this category only accounts for 1% of its total assets under management, it has become one of its fastest-growing product lines.

· Tokenization Practice: BlackRock is actively exploring tokenization (creating blockchain versions of traditional assets) technology. Earlier this year, the company launched its tokenized money market fund BUIDL, which has grown to over $2 billion in assets. CEO Larry Fink has repeatedly stated that he believes all financial assets will ultimately be tokenized.

SEC Accelerates Approval Process: Crypto ETF Market Expected to Expand Fully

At the same time that BlackRock submitted its application for new products, the regulatory environment in the United States also underwent significant changes, greatly accelerating the opening process of the Crypto Assets ETF market.

· Rule Simplification: On September 18, the SEC voted to approve the adoption of a universal listing standard for commodity trust shares by Nasdaq, Cboe BZX, and NYSE Arca. This change replaces the previously lengthy case-by-case review process, allowing asset management companies to bring products to market in just 75 days, much faster than the previous maximum of 240 days.

· Altcoin ETF Opportunities: Analysts believe that spot ETFs for assets like Solana and XRP, which have been waiting for approval for more than a year, may become the first beneficiaries. Bloomberg analyst James Seyffart stated that the new framework is “the encryption ETP structure we have been waiting for,” predicting it will trigger a new wave of applications.

· Market expansion expectations: According to Eric Balchunas, under the new framework, any cryptocurrency with at least six months of futures trading history on the Coinbase Derivatives Exchange may qualify for an ETF. This could open the door for dozens of altcoin ETFs, further expanding investor channels and integrating digital assets more deeply into mainstream financial markets.

Conclusion

BlackRock's newly launched Bitcoin Enhanced Income ETF application is not only a strategic upgrade from “asset holding” to “income generation” in the digital asset field but also a proactive response to the growing demand for income from global institutional investors. Combined with the SEC's significant benefit of simplifying the approval process, the crypto ETF market is transitioning from a phase dominated by Bitcoin and Ethereum spot funds to a new era of comprehensive expansion driven by multi-coin and multi-strategy products. BlackRock's ongoing deepening of its layout and the positive changes in the regulatory environment together form a solid bridge for the integration of digital assets into traditional finance.

Disclaimer: This article is for news information only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make cautious decisions.