JUST IN: SEC Delays Decision on BlackRock’s New Bitcoin ETF Application

U.S. . s S In a statement issued by Securities and Exchange Commission (SEC) it has extended the review period for Nasdaq’s application to apply for the iShares Bitcoin Premium Income ETF.

The SEC took further time to make its decision, citing the final decision date as May 30, 2026, according to an official filing released by the institution.

It is expected that the planned ETF will use a covered call strategy to generate additional income for investors with an investment. In particular, the fund plans to make premium money by selling call options on its iShares Bitcoin Trust (IBIT) shares and offering this premium as income to investors.

Nasdaq first submitted the application to the SEC on September 30, 2025, with the app being Submitted by . The application requested that Nasdaq Rule 5711(d) in the “Commodity-Based Trust Shares” category listed and traded on NasDaQ under Nas Daquiq rule (i.e. The plan, which was published October 2, 2025, and opened for public comment.

This was a review period that has been extended by the SEC, which previously gave more time for evaluation in November 2025. On December 16, 2025 the Commission began formal review process to decide whether or not a person should approve the application.

A ETF application must be approved or rejected within 180 days of beginning review under US securities laws, and the SEC has a right to approve or reject an ETC application. The Commission can extend this period by up to 60 days if it is necessary, however, as long as . While the iShares Bitcoin Premium Income ETF application’s 180 days period was originally scheduled to expire on March 31, 2026, this time was extended by an additional 60 days (delaying May 30, 20 26) in order to delay the decision date.

In a statement, the SEC said ‘The reason for this extension was that it took more time to review the application and related issues in ‘an extensive way of doing so much better’.

*This is not investment advice.

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