One of 2023’s most popular strategies in the $8 trillion exchange-traded fund industry is coming to the crypto market.
The Roundhill Bitcoin Covered Call Strategy ETF begins trading on Thursday under the ticker YBTC, according to a press release. The actively managed fund tracks the performance of Bitcoin via the futures-backed ProShares Bitcoin Strategy ETF (BITO), on which it will also sell out-of-the-money calls. That process generates additional income in exchange for giving up some of Bitcoin’s upside exposure, risking underperformance to the cryptocurrency itself.
