Key stats
About Roundhill ETF Trust Roundhill Bitcoin Covered Call Strategy ETF
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Inception date
Jan 18, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
No distributions
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 to be held to or close to expiration. This limits 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government94.46%
Mutual fund6.25%
Cash−0.71%
Top 10 holdings
Dividends
Dividend payout history