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The NYSE-listed BTYB allocates most of its assets to US Treasurys while using options strategies to provide weekly income and Bitcoin-linked exposure.<\/p>\n
VistaShares has launched BTYB, an actively managed exchange-traded fund (ETF) listed on the New York Stock Exchange that allocates most of its assets to US Treasurys while using options strategies to provide weekly income and Bitcoin-linked price exposure.<\/p>\n
According to the Tuesday announcement<\/a>, the fund allocates about 80% of its portfolio to US Treasury securities and related instruments, with the remaining 20% tied to Bitcoin (BTC<\/a>) price movements through a synthetic covered call strategy. Holdings data shows the fund\u2019s Bitcoin-linked exposure comes from call options on BlackRock\u2019s iShares Bitcoin Trust (IBIT).<\/p>\n In this particular context, a synthetic covered call strategy uses derivatives to create Bitcoin price exposure and sells call (buy) options against that exposure to generate income, rather than holding Bitcoin directly. As a result, BTYB does not track spot Bitcoin prices and limits upside potential in exchange for higher income from options premiums.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n