YieldMax Bitcoin Option Income Strategy ETF

Frequently Asked Questions About YBIT

What does YBIT invest in?

The YieldMax Bitcoin Option Income Strategy ETF (YBIT) is an actively managed investment vehicle that aims to provide investors with consistent weekly income. It achieves this by employing a strategy of writing call options or call spreads on various Bitcoin exchange-traded products (ETPs). The fund's methodology focuses on collecting the premiums generated from these option sales, while also offering a degree of exposure to the potential upside in the share price of BTC-linked ETFs.

What is the expense ratio of YBIT?

YieldMax Bitcoin Option Income Strategy ETF (YBIT) charges an expense ratio of 1.02%. This is the annual fee deducted from fund assets to cover management and operations.

What is YBIT's distribution yield?

YBIT's trailing-twelve-month yield is 107.06%, calculated from the sum of distributions over the past year divided by the current price.

How does YBIT's covered-call strategy work?

YBIT 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 YBIT?

YieldMax Bitcoin Option Income Strategy ETF (YBIT) manages $37.4M 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 YBIT actively managed or an index fund?

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