YBTC: Performance Directly Tied To IBIT And Bitcoin
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Gary Bourgeault13.59K FollowersFollow5ShareSavePlay(8min)CommentsSummaryRoundhill Bitcoin Covered Call Strategy ETF offers income-focused exposure to Bitcoin via covered calls on IBIT, mirroring Bitcoin's volatility and price movement.YBTC's recent decline aligns with Bitcoin and IBIT corrections, presenting a potentially attractive entry point for income-seeking investors bullish on Bitcoin's long-term prospects.The fund is best suited for investors prioritizing income generation over pure growth, as distributions are driven by option premiums and subject to Bitcoin's volatility.I remain bullish on Bitcoin, IBIT, and by extension YBTC, viewing YBTC as a solid long-term income vehicle despite inherent volatility and single-underlying risk.BlackJack3D/iStock via Getty Images Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is a covered call ETF designed to generate income via options premiums by writing them against iShares Bitcoin Trust ETF (IBIT) as the underlying holding. The share price ofThis article was written byGary Bourgeault13.59K FollowersFollowI am a former investment advisor and owner of several businesses. These days I invest only for myself while continuing to write on a variety of financial and economic topics.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.