VistaShares launched an actively managed exchange-traded fund (ETF) named BTYB on the New York Stock Exchange. Approximately 80% of the fund’s portfolio is allocated to US Treasury bonds and related instruments, while the remaining 20% is linked to Bitcoin (BTC) price movements through a synthetic covered call strategy created using call options on BlackRock’s iShares Bitcoin Trust (IBIT). This strategy aims to generate weekly income by creating BTC exposure with derivatives and selling call options instead of holding BTC directly; it does not track the spot BTC price and limits upside potential.
Source: Vistashares.com
BTYB ETF Covered Call Strategy Details
VistaShares aims to provide approximately twice the yield of five-year Treasury returns; however, weekly distributions may vary depending on market conditions. The synthetic approach generates income from option premiums while managing volatility.
- 80%: US Treasury bonds (security-focused)
- 20%: IBIT call options (BTC exposure + income)
- Target: Weekly yield, limited upside
ETH Market Status: Impact on ETFs
Crypto market under pressure; ETH ETH detailed analysis price at 2.205,20$, 24h -%6,41 decline (RSI 25,42, downtrend). Strong support S1 2.156$ (⭐85/100). This decline is affecting BTC ETFs. SEC-approved Hashdex and Franklin ETFs containing ETH futures are bringing similar innovations.
Similar Innovations in the Crypto ETF Sector
- Hashdex Nasdaq Crypto Index US ETF: BTC + ETH
- Bitwise Proficio: BTC + metals + mining
- Hashdex: Added XRP, SOL, XLM
- 21Shares FTSE Crypto: Large crypto basket
Frequently Asked Questions About BTYB Bitcoin ETF
What is BTYB? BTC covered call ETF, yield-focused.
What yield is expected? Target 2x 5y Treasury.
Is upside limited? Yes, due to call selling.
Does ETH decline affect it? Yes, due to general crypto correlation.
Source: https://en.coinotag.com/vistashares-launches-bitcoin-covered-call-etf-on-nyse
