Roundhill launches YBTC Bitcoin ETF with OTM strategy
Roundhill Covered Call Strategy, one of the most popular investment strategies in the ETF industry, is launch ing its own Bitcoin ETF. Roundhill Investments is the latest firm to launch a Bitcoin ETF designated by the ticker YBTC. The ETF has started trading today at the Chicago Board Options Exchange (CBOE). YBTC is an actively managed fund that aims to mirror the dynamics of Bitcoin, primarily through its investment in the ProShares Bitcoin Strategy ETF (BITO). One of the key strategies employed by YBTC is the selling of out-of-the-money (OTM) call options on BITO. This approach serves a dual purpose: it creates an avenue for additional income while simultaneously capping the upside potential of Bitcoin’s price movements. This strategy introduces the risk of the fund underperforming compared to Bitcoin’s direct market performance. Pleased to welcome a new @roundhill Investments ETF to our U.S. market: The Roundhill Bitcoin Covered Call Strategy ETF (#YBTC)! See Rou...