The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is an actively-managed ETF with $0.16 billion in assets under management. Launched in January 2024, YBTC distinguishes itself as the first U.S.-listed bitcoin covered call ETF, offering exposure to exchange-traded products (ETPs) with direct bitcoin exposure, subject to a cap, while aiming to generate income through covered calls. The fund's expense ratio is 0.96%. Past performance does not guarantee future results.
The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is an actively-managed ETF with $0.16 billion in assets under management. Launched in January 2024, YBTC distinguishes itself as the first U.S.-listed bitcoin covered call ETF, offering exposure to exchange-traded products (ETPs) with direct bitcoin exposure, subject to a cap, while aiming to generate income through covered calls. The fund's expense ratio is 0.96%. Past performance does not guarantee future results.
ETF Overview
The Roundhill Bitcoin Covered Call Strategy ETF (“YBTC”) is the first U.S. listed bitcoin covered call ETF.1 The Fund offers exposure to exchange-traded products (“ETPs”) that have direct exposure to bitcoin*, subject to a cap, while providing the potential for current income. YBTC is an actively-managed ETF.
The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) seeks to provide investors with exposure to bitcoin-related assets while generating income through a covered call strategy. The fund invests in exchange-traded products (ETPs) that have direct exposure to bitcoin. YBTC employs an active management approach, allowing the fund managers to adjust the portfolio based on market conditions and opportunities. A covered call strategy involves selling call options on the underlying assets, in this case, bitcoin ETPs, to generate income. As of the latest data, the fund's top holding is First American Government Obligs X (FGXXX) at 2.12%. The fund's sector allocation is entirely in Cash & Others, representing 100% of the portfolio. The country exposure is solely in 'Other' countries. This ETF may appeal to investors seeking bitcoin exposure with an income component. Past performance does not guarantee future results.
Risk Metrics
YBTC's risk profile is influenced by its concentration in bitcoin-related assets and its covered call strategy. The fund's sector allocation is entirely in Cash & Others, which might reduce diversification benefits. The fund's beta is 0.00, indicating a low correlation with the broader market. The expense ratio of 0.96% is higher than category averages, which can create a drag on returns over time. The fund's active management introduces the risk of underperformance relative to its benchmark. the may be worth researching risks associated with bitcoin and covered call strategies before investing in YBTC. Past performance does not guarantee future results.
The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is an actively-managed ETF that aims to provide exposure to bitcoin-related assets while generating income through a covered call strategy. It invests in exchange-traded products (ETPs) that have direct exposure to bitcoin. The fund sells call options on these ETPs to generate income, potentially capping upside gains in exchange for current income. YBTC was launched in January 2024 and has $0.16 billion in assets under management. The fund's investment strategy involves actively managing its portfolio based on market conditions and opportunities. Past performance does not guarantee future results.
What is the expense ratio for YBTC?
The expense ratio for the Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 0.96%. This means that for every $1000 invested in the fund, $9.60 is used to cover the fund's operating expenses. While there isn't a readily available category average for bitcoin covered call ETFs, this expense ratio is generally higher than traditional equity ETFs. the may be worth researching impact of the expense ratio on their overall returns. Past performance does not guarantee future results.
What are the top holdings in YBTC?
As of the latest available data, the top holding in the Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is First American Government Obligs X (FGXXX), comprising 2.12% of the fund's portfolio. While this is the only specific holding listed, the fund primarily invests in exchange-traded products (ETPs) that have direct exposure to bitcoin. The remaining portion of the portfolio is allocated to cash and other holdings, representing 100% of the fund's sector allocation. Investors should note that the fund's holdings may change over time due to its active management strategy. Past performance does not guarantee future results.
Is YBTC a good long-term investment?
Whether YBTC is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and understanding of the fund's strategy. YBTC offers exposure to bitcoin-related assets while generating income through a covered call strategy. The fund's expense ratio is 0.96%. the may be worth researching risks associated with bitcoin, covered call strategies, and active management. The fund's performance will be influenced by the price movements of bitcoin and the effectiveness of its covered call strategy. Past performance does not guarantee future results.
How does YBTC compare to similar ETFs?
YBTC distinguishes itself as the first U.S.-listed bitcoin covered call ETF. Its expense ratio is 0.96% and AUM is $0.16B. While there aren't direct competitors offering the exact same strategy, other cryptocurrency ETFs provide exposure to bitcoin and other digital assets. These alternative ETFs may have different expense ratios, investment strategies, and risk profiles. Investors should compare YBTC's strategy, expense ratio, and holdings to those of other cryptocurrency ETFs to determine which fund best aligns with their investment objectives. Past performance does not guarantee future results.
Does YBTC pay dividends?
As of the latest data, the Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a dividend yield of 0.00%. While the fund aims to generate income through its covered call strategy, the actual dividend payout may vary depending on market conditions and the fund's performance. Investors seeking current income may want to consider other investment options with a higher dividend yield. It's important to review the fund's dividend history and strategy to understand its potential for income generation. Past performance does not guarantee future results.