Roundhill Investments Announces YBTC and YETH Distributions for December 31, 2024
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 ha annunciato le distribuzioni ETF per il 31 dicembre 2024, per i suoi ETF strategici Covered Call su Bitcoin ed Ether. Il YBTC distribuirà $1.632167 per azione con un rendimento SEC a 30 giorni del 2,97%, mentre YETH distribuirà $2.576753 per azione con un rendimento del 3,04%. Entrambi i fondi hanno un rapporto di spesa lordo dello 0,95% e mirano a effettuare distribuzioni settimanali, sebbene ciò non sia garantito. La data di stacco è fissata per il 30 dicembre 2024, con pagamento il 31 dicembre 2024.
L'azienda sottolinea che le distribuzioni possono superare il reddito e i guadagni dei fondi per l'anno fiscale, e qualsiasi distribuzione eccedente sarà trattata come un ritorno di capitale. Avvertono anche che le condizioni di mercato favorevoli che stanno guidando i tassi di distribuzione attuali potrebbero non essere sostenibili.
Roundhill Investments ha anunciado distribuciones de ETF para el 31 de diciembre de 2024, para sus ETF de Estrategia Covered Call de Bitcoin y Ether. El YBTC distribuirá $1.632167 por acción con un rendimiento SEC a 30 días del 2.97%, mientras que el YETH distribuirá $2.576753 por acción con un rendimiento del 3.04%. Ambos fondos tienen una relación de gastos brutos del 0.95% y tienen como objetivo realizar distribuciones semanales, aunque esto no está garantizado. La fecha ex está establecida para el 30 de diciembre de 2024, con pago el 31 de diciembre de 2024.
La empresa señala que las distribuciones pueden superar los ingresos y ganancias de los fondos para el año fiscal, y cualquier distribución excedente será tratada como un retorno de capital. También advierten que las condiciones de mercado favorables que impulsan las tasas de distribución actuales pueden no ser sostenibles.
라운드힐 투자회사는 비트코인 및 이더에 대한 커버드 콜 전략 ETF에 대해 2024년 12월 31일로 예정된 배당금을 발표했습니다. YBTC는 주당 $1.632167의 배당금을 지급하며, 30일 SEC 수익률은 2.97%입니다. 또한 YETH는 주당 $2.576753의 배당금을 지급하며, 수익률은 3.04%입니다. 두 펀드는 총 비용 비율이 0.95%이며, 주간 배당 지급을 목표로 하고 있지만 이는 보장되지 않습니다. 배당 기준일은 2024년 12월 30일로 설정되어 있으며, 지급일은 2024년 12월 31일입니다.
회사는 배당금이 세금 연도의 펀드 수익과 이익을 초과할 수 있으며, 초과 배당금은 자본 회수로 처리될 것이라고 언급하고 있습니다. 또한 현재의 배당률을 이끄는 유리한 시장 조건이 지속되지 않을 수 있다고 경고합니다.
Roundhill Investments a annoncé les distributions d'ETF pour le 31 décembre 2024, pour ses ETF stratégiques Covered Call en Bitcoin et Ether. Le YBTC distribuera 1,632167 $ par action avec un rendement SEC de 30 jours de 2,97 %, tandis que le YETH distribuera 2,576753 $ par action avec un rendement de 3,04 %. Les deux fonds ont un ratio de dépenses brut de 0,95 % et visent à effectuer des distributions hebdomadaires, bien que cela ne soit pas garanti. La date ex est fixée au 30 décembre 2024, avec un paiement le 31 décembre 2024.
L'entreprise note que les distributions peuvent dépasser les revenus et gains des Fonds pour l'année fiscale, et tout excès de distribution sera considéré comme un retour de capital. Ils mettent également en garde que les conditions de marché favorables qui soutiennent les taux de distribution actuels peuvent ne pas être durables.
Roundhill Investments hat die ETF-Ausschüttungen zum 31. Dezember 2024 für seine Bitcoin- und Ether Covered Call Strategie ETFs angekündigt. Der YBTC wird $1.632167 pro Aktie ausschütten und weist eine 30-Tage SEC-Rendite von 2,97% auf, während der YETH $2.576753 pro Aktie mit einer Rendite von 3,04% ausschütten wird. Beide Fonds haben eine Bruttoaufwandsquote von 0,95% und streben wöchentliche Ausschüttungen an, obwohl dies nicht garantiert ist. Der Ex-Tag ist auf den 30. Dezember 2024 festgelegt, mit einer Zahlung am 31. Dezember 2024.
Das Unternehmen weist darauf hin, dass die Ausschüttungen die Einkünfte und Gewinne der Fonds für das Steuerjahr übersteigen können und jegliche Überschüsse als Kapitalrückzahlung behandelt werden. Sie warnen auch, dass die günstigen Marktbedingungen, die die derzeitigen Ausschüttungsraten vorantreiben, möglicherweise nicht nachhaltig sind.
- YBTC offering $1.632167 per share distribution
- YETH offering higher distribution at $2.576753 per share
- Competitive SEC yields: 2.97% for YBTC and 3.04% for YETH
- High expense ratio of 0.95% for both funds
- Distributions may exceed actual fund earnings
- Potential return of capital in distributions indicates possible unsustainable payout levels
Insights
The distribution announcement for YBTC and YETH represents a significant income opportunity for ETF holders. The
The covered call strategy effectively monetizes Bitcoin's volatility, providing regular income streams to investors who might otherwise only benefit from price appreciation. However, investors should note that these distributions may include return of capital, which could impact their tax situation and actual returns. The weekly distribution schedule, while attractive for income-seeking investors, requires careful monitoring of the underlying asset's performance and options market conditions.
The covered call strategy employed by YBTC demonstrates sophisticated options management in the volatile cryptocurrency space. By writing calls against Bitcoin holdings, the fund generates premium income that supplements potential capital appreciation. The
For retail investors seeking crypto exposure with income characteristics, this structure provides a more conservative approach than direct Bitcoin ownership. However, the strategy may cap upside potential during strong bull markets, as written calls could be exercised. The weekly distribution schedule suggests active management of options positions, which is important in maintaining consistent yield generation while managing assignment risk.
Fund Name | Ticker | Distribution | 30-Day SEC Yield** | Ex-Date | Pay Date |
Roundhill Bitcoin Covered Call Strategy ETF | YBTC | 2.97 % | 12/30/24 | 12/31/24 | |
Roundhill Ether Covered Call Strategy ETF | YETH | 3.04 % | 12/30/24 | 12/31/24 |
The 30-Day SEC Yield** (as of 11/30/24) for the Roundhill Bitcoin Covered Call Strategy ETF and for the Roundhill Ether Covered Call Strategy ETF are
The Gross Expense Ratio for YBTC and YETH is
The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent standardized and month-end performance, please click here: YBTC, YETH.
The Funds currently expect, but do not guarantee, to make distributions on a weekly basis. Distributions may exceed the Funds' income and gains for the Funds' taxable year. Distributions in excess of the Funds' current and accumulated earnings and profits will be treated as a return of capital. Distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions might not continue to exist and there should be no expectation that this performance will be repeated in the future. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
**30-Day SEC Yield: Yield calculation that reflects the dividends and interest earned during the period after the deduction of the fund's expenses. It is also referred to as the "standardized yield".
About Roundhill Investments:
Founded in 2018, Roundhill Investments is an SEC-registered investment advisor focused on innovative exchange-traded funds. Roundhill's suite of ETFs offers distinct and differentiated exposures across thematic equity, options income, and trading vehicles. Roundhill offers a depth of ETF knowledge and experience, as the team has collectively launched more than 100+ ETFs including several first-to-market products. To learn more about the company, please visit roundhillinvestments.com.
This material must be preceded or accompanied by a prospectus.
Click here for the YBTC prospectus.
Click here for the YETH prospectus.
All investing involves risk, including the risk of loss of principal. There is no guarantee the investment strategy will be successful. The funds faces numerous risks, including options risk, liquidity risk, market risk, cost of futures investment risk, clearing broker risk, commodity regulatory risk, futures contract risk, active management risk, active market risk, clearing broker risk, credit risk, derivatives risk, legislation and litigation risk, operational risk, trading issues risk, valuation risk and non-diversification risk. For a detailed list of fund risks see the prospectus.
Covered Call Strategy Risk. A covered call strategy involves writing (selling) covered call options in return for the receipt of premiums. The seller of the option gives up the opportunity to benefit from price increases in the underlying instrument above the exercise price of the options, but continues to bear the risk of underlying instrument price declines. The premiums received from the options may not be sufficient to offset any losses sustained from underlying instrument price declines, over time. As a result, the risks associated with writing covered call options may be similar to the risks associated with writing put options. Exchanges may suspend the trading of options during periods of abnormal market volatility. Suspension of trading may mean that an option seller is unable to sell options at a time that may be desirable or advantageous to do.
YBTC
Bitcoin Futures ETF Risks. The Fund will have significant exposure to the Bitcoin Futures ETF through its options positions that utilize the Bitcoin Futures ETF as the reference asset. Accordingly, the Fund will subject to the risks of the Bitcoin Futures ETF, set forth below.
Bitcoin Risk. Bitcoin is a relatively new innovation and the market for bitcoin is subject to rapid price swings, changes and uncertainty. The further development of the Bitcoin network and the acceptance and use of bitcoin are subject to a variety of factors that are difficult to evaluate. The slowing, stopping or reversing of the development of the Bitcoin network or the acceptance of bitcoin may adversely affect the price of bitcoin. Bitcoin is subject to the risk of fraud, theft, manipulation or security failures, operational or other problems that impact the digital asset trading venues on which bitcoin trades. The Bitcoin blockchain may contain flaws that can be exploited by hackers. A significant portion of bitcoin is held by a small number of holders sometimes referred to as "whales." Transactions of these holders may influence the price of bitcoin.
Digital Asset Industry Risk. The digital asset industry is a new, speculative, and still-developing industry that faces many risks. In this emerging environment, events that are not directly related to the security or utility of the Ethereum blockchain or the Bitcoin blockchain can nonetheless precipitate a significant decline in the price of ether and bitcoin.
Digital Asset Regulatory Risk. Digital asset markets in the
New Fund Risk. The fund is new and has a limited operating history.
Roundhill Financial Inc. serves as the investment advisor. The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with Roundhill Financial Inc.,
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SOURCE Roundhill Investments
FAQ
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