YBTCRoundhill Bitcoin Covered Call Strategy ETF
Provides current income and exposure to the price return of Bitcoin ETFs.
By Roundhill Investments · Launched 2024
0.95%
#4,882 of 5,861 · expensive
$121M
#2,812 of 5,861 · mid-size
93.60%
2 years
#3,321 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 5 holdings = 98.3% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Provides current income and exposure to the price return of Bitcoin ETFs.
- Strategy
- Utilizes a synthetic covered call strategy to generate current income while providing exposure to Bitcoin ETFs. Invests primarily in Bitcoin ETF Options and may hold shares of Bitcoin ETFs, trading on U.S.-regulated exchanges.
- Inception date
- January 17, 2024
- Fund family
- Roundhill Investments
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04