[Bloomberg Analyst: BlackRock Bitcoin Premium Income ETF is an Extension of Spot Product and IBIT] Bloomberg Senior ETF Analyst Eric Balchunas posted on platform X, pointing out that BlackRock's application for the Bitcoin Premium Income ETF, the iShares Bitcoin Premium ETF, is a spot product under the 1933 Act. It adopts a covered call Bitcoin strategy aimed at generating certain returns for Bitcoin investments and is also an extension of another Bitcoin exchange-traded fund, IBIT. (Note: Mainstream ETF products in the U.S. market are required to comply with the 1933 Act and the 1934 Act.)