YBTC aims to generate monthly income while providing exposure to the price returns of one or more US-listed ETFs holding Bitcoin futures contracts (Bitcoin ETFs), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys and cash. The synthetic long exposure seeks to replicate the price movements of the Bitcoin ETFs by buying call options and selling put options. To generate income, the fund writes one-month, out-of-the-money call options that will be held to or close to expiration. This limits the funds participation in potential gains if the ETF shares increase in value. The short put positions fully expose investors to the downside of the ETF share prices. The fund may directly hold shares of the Bitcoin ETFs. However, the fund does not invest directly in Bitcoin and has no direct exposure to the spot price of Bitcoin.
公司网站 :
https://www.roundhillinvestments.com/etf/ybtc/
总经理:-
建立时间:2024
公司总部:Roundhill ETF Trust Roundhill Bitcoin Covered Call Strategy ETF
领域:Miscellaneous
行业:Investment trusts/Mutual funds