Posted 1/29/2024, 7:55:44 PM
New Bitcoin ETF Promises 30%+ Yields Without Owning Bitcoin
- New Bitcoin ETF launched called Roundhill Bitcoin Covered Call Strategy ETF (YBTC) promising 30%+ yields to investors
- Fund invests 80% in options contracts using Bitcoin futures ETFs as reference asset, does not directly own Bitcoin
- Uses covered call strategy to generate income by selling call options on Bitcoin futures while owning equivalent futures
- Actively managed by Roundhill, trades at $49.50 per share and pays monthly distributions
- According to experts, allows earning BTC premiums at no liquidation risk if market goes down due to put options