Welcome to our dedicated page for Roundhill Bitcoin Covered Call Strategy ETF news (Ticker: YBTC), a resource for investors and traders seeking the latest updates and insights on Roundhill Bitcoin Covered Call Strategy ETF stock.
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is an innovative financial product offered by Roundhill Investments. Founded in 2018, Roundhill Investments is known for creating exchange-traded funds (ETFs) that provide unique and differentiated exposures in various thematic equity, options income, and trading vehicles. YBTC, in particular, focuses on employing a covered call strategy to generate income through the receipt of premiums from selling call options backed by Bitcoin futures.
The core business of YBTC revolves around using a covered call strategy, which involves writing (selling) covered call options to earn premiums. While this strategy allows the ETF to receive income, it also means giving up the potential for higher gains if the price of Bitcoin rises above the exercise price of the options. However, YBTC continues to bear the risk of price declines in the underlying asset, Bitcoin.
Recent developments include the announcement of February distribution details and ongoing weekly ETF distributions, highlighting a 30-Day SEC Yield of 4.22% and a Distribution Yield of 40.84% as of late May 2024. These distributions may consist partially or entirely of a return of capital. The fund's Gross Expense Ratio stands at 0.95%, which covers the various costs associated with managing the ETF.
YBTC is facing numerous risks including those specifically related to Bitcoin and the broader digital asset industry. Bitcoin, being a relatively new and volatile asset, is subject to rapid price changes, regulatory uncertainties, and potential security issues such as fraud and hacking. Additionally, the concentration of Bitcoin ownership among a small number of holders can lead to significant market impacts when these holders make transactions.
Despite these risks, YBTC offers a unique investment opportunity for those looking to gain exposure to Bitcoin while also earning income through a covered call strategy. The ETF is actively managed by Roundhill Financial Inc., an experienced team that has launched over 100 ETFs, including several first-to-market products.
Investors interested in YBTC should carefully consider the investment objectives, risks, charges, and expenses before investing. Detailed information can be obtained from the fund's prospectus.
Roundhill Investments has announced ETF distributions for December 31, 2024, for its Bitcoin and Ether Covered Call Strategy ETFs. The YBTC will distribute $1.632167 per share with a 30-Day SEC yield of 2.97%, while YETH will distribute $2.576753 per share with a 3.04% yield. Both funds have a Gross Expense Ratio of 0.95% and aim to make weekly distributions, though this isn't guaranteed. The ex-date is set for December 30, 2024, with payment on December 31, 2024.
The company notes that distributions may exceed the Funds' income and gains for the taxable year, and any excess distributions will be treated as return of capital. They also caution that favorable market conditions driving current distribution rates may not be sustainable.
Roundhill Investments announced significant changes for its Bitcoin Covered Call Strategy ETF (YBTC). Starting January 2025, the fund will implement two key changes: transitioning to weekly distributions to shareholders and utilizing options on spot bitcoin ETFs for its investment strategy. The company believes these changes will enhance the efficiency and precision of its covered call strategy implementation.
Roundhill Investments has announced ETF distributions for its Bitcoin and Ethereum covered call strategy funds. The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) will distribute $1.772934 per share with a distribution rate of 39.45% and a 30-Day SEC yield of 3.19%. The Roundhill Ether Covered Call Strategy ETF (YETH) will distribute $1.659723 per share with a distribution rate of 38.83% and a 30-Day SEC yield of 3.36%. Both funds have a gross expense ratio of 0.95% and aim for monthly distributions. The ex-date is set for 11/27/24 with payment on 11/29/24.
Roundhill Investments has announced ETF distributions for October 31, 2024. The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) will distribute $0.884450 per share, with a distribution rate of 24.10% and a 30-Day SEC yield of 3.75%. The Roundhill Ether Covered Call Strategy ETF (YETH) will distribute $2.299000 per share, with rates not yet available. Both funds have a gross expense ratio of 0.95% and aim for monthly distributions, though these are not guaranteed. The company notes that favorable market conditions may not be sustainable, and distributions might include return of capital.
Roundhill Investments has announced ETF distributions for its funds. The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) will distribute $2.110319 per share, with a distribution rate of 58.14% and a 30-Day SEC Yield of 4.52%. The Roundhill Ether Covered Call Strategy ETF (YETH) will distribute $3.854488 per share, with no available distribution rate or SEC yield. The Roundhill S&P® Dividend Monarchs ETF (KNGS) will distribute $0.202370 per share, with a distribution rate of 2.74% and a 30-Day SEC Yield of 2.43%.
The ex-date for all distributions is 9/27/24, with a pay date of 9/30/24. YBTC and YETH have a gross expense ratio of 0.95%, while KNGS has a 0.35% ratio. The funds aim to make monthly distributions, but this is not guaranteed. Investors are cautioned that distribution rates may not be sustainable and past performance does not guarantee future results.
Roundhill Investments has launched the Roundhill Ether Covered Call Strategy ETF (YETH), trading on Cboe BZX. YETH aims to provide exposure to ether, the second-largest cryptocurrency, while generating monthly options income. The ETF employs a covered call strategy on ether-tracking ETFs, offering potential income generation and capped exposure to ether's price movements.
This launch follows Roundhill's earlier introduction of the Bitcoin Covered Call Strategy ETF (YBTC), making Roundhill the first U.S. ETF issuer to offer income-oriented strategies for both bitcoin and ether. YETH is designed to provide an alternative to spot ETH market investments, which currently don't offer yields despite the staking options available in the broader ether market.
Roundhill Investments has announced ETF distributions for its S&P 500 0DTE Covered Call Strategy ETF (XDTE), Innovation-100 0DTE Covered Call Strategy ETF (QDTE), and Bitcoin Covered Call Strategy ETF (YBTC). Weekly distributions for XDTE and QDTE are 0.50% ($0.261188) and 0.73% ($0.312576) per share, respectively. YBTC will distribute monthly at a rate of 42.27% ($1.611923 per share).
The 30-Day SEC Yields for XDTE and QDTE are -0.52% and -0.46%, while YBTC's is 4.18%. All funds have a Gross Expense Ratio of 0.95%. Distributions are expected weekly for XDTE and QDTE, and monthly for YBTC, but are not guaranteed. Investors should note that distribution rates may not be sustainable and past performance doesn't guarantee future results.
Roundhill Investments has announced the July distribution for its Roundhill Bitcoin Covered Call Strategy ETF (YBTC). The ETF will distribute $2.062168 per share on July 31, 2024, with an ex-date of July 30, 2024. YBTC boasts an impressive distribution rate of 50.71% as of July 25, 2024, and a 30-Day SEC Yield of 5.78% as of June 30, 2024. The fund maintains a gross expense ratio of 0.95% and aims to make monthly distributions, although this is not guaranteed. Investors should note that distributions may exceed the fund's income and gains for the taxable year, with the most recent distribution estimated to be 100% return of capital.
Roundhill Investments has announced a fee waiver for its Roundhill Cannabis ETF (Cboe: WEED), effective July 1, 2024, through at least July 1, 2025. This ETF, which provides exposure to leading U.S. multi-state cannabis operators, will have an all-in expense ratio of 0.00%, down from its current 0.40%. This move is positioned to capitalize on potential regulatory changes, including the anticipated reclassification of cannabis to Schedule III, which could act as a catalyst for the sector. CEO Dave Mazza suggests that this fee waiver is a strategic measure to attract investors who are optimistic about the future of the U.S. cannabis market.
Roundhill Investments has announced ETF distributions for three of its funds. The Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) will distribute $0.212079 per share, with a yield of 0.47%, payable on May 31, 2024. The Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) will distribute $0.163464 per share, with a yield of 0.31%, also payable on May 31, 2024. The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) will distribute $1.843179 per share, with a substantial yield of 40.84%, payable on the same date. Both XDTE and QDTE have a 30-Day SEC Yield of -0.72% and -0.17%, respectively, and a Gross Expense Ratio of 0.95%. YBTC boasts a 30-Day SEC Yield of 4.22% with the same expense ratio. Past performance is not indicative of future results. Distributions may exceed the funds' income and gains, potentially affecting taxable income.
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