XBTY
GraniteShares YieldBOOST Bitcoin ETF
📎 Investment Objective
The GraniteShares YieldBOOST Bitcoin ETF seeks to provide investors with exposure to the price movements of Bitcoin, while potentially generating additional yield through a covered call strategy.
Overview
ETF tracking GraniteShares YieldBOOST Bitcoin ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The GraniteShares YieldBOOST Bitcoin ETF seeks to provide investors with exposure to the price movements of Bitcoin, while potentially generating additional yield through a covered call strategy.
🎯 Investment Strategy
The ETF invests in Bitcoin and writes (sells) call options on a portion of its Bitcoin holdings. The call option premiums collected are intended to generate additional income for the fund, potentially boosting its overall returns.
✨ Key Features
- Provides exposure to the price movements of Bitcoin
- Implements a covered call strategy to potentially generate additional yield
- Aims to offer a more conservative approach to Bitcoin investment compared to direct ownership
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Significant volatility and price fluctuations of the underlying Bitcoin asset
- Potential underperformance compared to a direct investment in Bitcoin if the covered call strategy is not effective
- Liquidity risk, as the fund is new and has a small asset base
- Counterparty risk associated with the options contracts
👤 Best For
This ETF may be suitable for investors seeking exposure to Bitcoin with the potential for enhanced yield, but who have a moderate risk tolerance and are willing to accept the volatility and risks associated with the cryptocurrency market and the covered call strategy.