The U.S. Securities and Exchange Commission (SEC) has announced an extension of the review period for the iShares Bitcoin Premium Income ETF application that was submitted by Nasdaq.
As per the official documentation released by the SEC, additional time has been allocated for a thorough decision-making process, with a final verdict now scheduled for May 30, 2026.
This proposed ETF aims to implement a covered call strategy designed to generate supplementary income for its investors. Specifically, it plans to achieve this by selling call options on shares of its iShares Bitcoin Trust (IBIT) and distributing the resulting premiums as income to shareholders.
The initial application was filed with the SEC by Nasdaq on September 30, 2025. It sought approval for listing and trading under Nasdaq Rule 5711(d), categorized as “Commodity-Based Trust Shares.” The proposal became public on October 2, 2025, allowing for community feedback.
Previously in November 2025, the SEC had already extended its review timeline to allow more time for assessment. Following this extension, on December 16, 2025, they commenced formal evaluation procedures regarding whether or not to approve this application.
According to U.S. securities regulations, once a review is initiated by the SEC regarding an ETF application, they are required either to approve or reject it within a span of six months—180 days. However, if necessary conditions arise that warrant further investigation or deliberation during this timeframe; they have the authority to extend their review period up until an additional two months—60 days maximum. Although initially set at March 31st of next year as expiration date concerning iShares Bitcoin Premium Income ETF’s application review phase; it has now been postponed until May 30th due primarily because of these extensions granted earlier mentioned above.
The reason cited by SEC officials behind such extensions is simply attributed towards needing extra time in order properly assess all aspects surrounding said applications along with related matters involved therein
*This content does not constitute investment advice.