GraniteShares YieldBOOST Bitcoin ETF

Frequently Asked Questions About XBTY

What does XBTY invest in?

The primary aim of this Fund is to generate an income return that is double (200%) what would typically be achieved by selling options on Bitcoin. This is accomplished by writing options on leveraged exchange-traded funds (ETFs) specifically designed to deliver twice the daily performance of Bitcoin. A secondary objective is to gain exposure to the performance of these underlying leveraged ETFs, subject to a defined upper limit on potential investment gains. The fund also reserves the option to implement strategies for downside protection, which could influence the ultimate net income level.

What is the expense ratio of XBTY?

GraniteShares YieldBOOST Bitcoin ETF (XBTY) charges an expense ratio of 11.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is XBTY's distribution yield?

XBTY's trailing-twelve-month yield is 202.84%, calculated from the sum of distributions over the past year divided by the current price.

How does XBTY's covered-call strategy work?

XBTY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is XBTY?

GraniteShares YieldBOOST Bitcoin ETF (XBTY) manages $11.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is XBTY actively managed or an index fund?

XBTY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.