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The U.S. Securities and Exchange Commission (SEC) announced it has extended the review period for the iShares Bitcoin Premium Income ETF application submitted by Nasdaq.
According to the official filing released by the institution, the SEC used additional time to make its decision, setting the final decision date as May 30, 2026.
The planned ETF is expected to utilize a covered call strategy aimed at generating additional income for investors. Specifically, the fund intends to earn premium income by selling call options on its iShares Bitcoin Trust (IBIT) shares and distributing this premium as income to investors.
The application was first submitted to the SEC by Nasdaq on September 30, 2025. The application requested that the iShares Bitcoin Premium Income ETF be listed and traded on Nasdaq under Nasdaq Rule 5711(d) in the “Commodity-Based Trust Shares” category. The proposal was published on October 2, 2025, and opened for public comment.
The SEC had previously extended the review period, granting additional time for evaluation in November 2025. Then, on December 16, 2025, the Commission initiated the formal review process to determine whether to approve the application.
Under US securities laws, the SEC must approve or reject an ETF application within 180 days of initiating review. However, the Commission can extend this period by up to 60 days if deemed necessary. While the 180-day period for the iShares Bitcoin Premium Income ETF application was initially set to expire on March 31, 2026, the SEC extended this period by an additional 60 days, postponing the decision date to May 30, 2026.
The SEC stated that the reason for the extension was the need for additional time to more thoroughly review the application and related issues.
*This is not investment advice.