Investment firm Roundhill Investments has announced the official launch of the Roundhill Bitcoin Covered Call Strategy ETF (YBTC). The ETF began trading today on CBOE BZX and is the first bitcoin Covered Call strategy ETF listed in the United States. It is important to note that this fund does not directly invest in bitcoin.
The Covered Call strategy refers to buying underlying assets (such as stocks) while simultaneously selling corresponding call options to maximize returns. Odaily Star Daily reported at the end of October last year that Roundhill submitted an application for a bitcoin Covered Call strategy ETF.