BITA bid-ask spread and liquidity

iShares Bitcoin Premium Income ETF
IncomeiShares$97m net assets0.57% fee
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As of Oct 22, 2026, BITA closed +0.06% from its NAV, and on 95% of the 90 days to then it was within ±0.35%.

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Ask IQ about BITA bid-ask spread and liquidity

Answers cite the figures on this page.

OverviewHoldingsDividendsTradingFlowsCompare

IQ Liquidity Score

2 of 6 measured · Oct 22, 2026
·
Not scored
0 · Hard to trade100 · Trades like a giant

The IQ Liquidity Score: a fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund trades, not whether to own it. Method →

Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
·
Capacity
Holdings can absorb $7m a day, Oct 22, 2026
28.2
Price fidelity
95% of days within ±0.35% of NAV, 90 days to Oct 22, 2026
89.2
Primary market
Not measured · no SEC series id or CIK on its record
·
Bad-day behaviour
Not measured · 1 of the 10 worst days and 89 other days are held, under the 5 and 60 needed
·
Depth
Not measured · needs trade and quote data (Phase 2)
·

Premium or discount to value

Daily, 90 days to Oct 22, 2026 · the ±1% band marked
BITA premium or discount to NAV, 90 days+1%0−1%Jun 16, 2026Oct 22, 2026
Latest close, Oct 22
+0.06%
95% of days within
±0.35%
Days more than 1% from NAV
0 of 90
Widest
+0.87%, Jun 18, 2026

Close against the NAV its issuer struck the same day, from the issuer. Source: ETFIQ.

Capacity

What the holdings can absorb a day, at 10% of each one’s volume
Holdings can absorb
$7m

BITA’s holdings can absorb $7m a day, measured on its own holdings, a stock book measured in full, as of Oct 22, 2026. A $1m order is 14.22% of a day’s capacity.

The holding that sets the limit: BITCOIN (BTC), 66.32% of the fund, $46m a day traded, the median of 20 days to Oct 22, 2026. Capacity is the least of the holding-level ratios over the holdings making up 95% of the weight.

Creations and redemptions

By week, 20 weeks to Oct 22, 2026
Jun 10 2026Each week’s net creations (green) and redemptionsOct 22 2026

$73m net created in 11 weeks and $0 net redeemed in 0, over the 20 weeks from Jun 10, 2026 to Oct 22, 2026, from the change in its shares outstanding.

How to trade BITA

To buy or to sell, up to $100,000
When
ETF spreads are usually widest in the first minutes after the open and the last before the close.
Size
Up to $70,326 is 1% of what its holdings can absorb in a day, for a buy or a sell.
Watch
The premium. On 95% of days it is within ±0.35%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.
Phase 2 · drawn now, filled when trade data arrives
Spread through the dayComing with trade data

Median spread by half hour, 30 days.

Buyers against sellersComing with trade data

Share of volume at the ask against at the bid.

Retail flow, estimatedComing with trade data

Sub-penny prints as a share of volume.

Large tradesComing with trade data

Prints above $500k, count and share.

Closing auctionComing with trade data

Share of the day’s volume at the close.

Questions people ask

Does BITA trade at a premium or discount to NAV?

It closed +0.06% from its NAV on Oct 22, 2026. On 95% of the 90 days to then it was within ±0.35%, and it closed more than 1% from NAV on 0 of them.

Who is the LMM for BITA?

BITA’s lead market maker (LMM) on Nasdaq is Susquehanna Securities, LLC. Lead market maker per Nasdaq, as of Oct 23, 2026.
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Jun 16, 2026 to Oct 22, 2026
CapacityETFIQ, each holding’s 20-day median dollar volume · to Oct 22, 2026
Creations and redemptionsShares outstanding, daily, from the issuer
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →BITA fund page→
Cite this pageCitation, APA and Markdown

ETFIQ, BITA trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/bita/trading/

Open data →

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.