YBIT

The Roundhill Bitcoin Covered Call Strategy ETF (YBIT) is an exchange-traded fund designed to implement a strategy based on Bitcoin-linked assets combined with covered call option transactions. The ETF is managed by Roundhill Investments and trades under the ticker YBIT in the U.S. market.

Classified as a thematic equity ETF, YBIT aims to combine indirect exposure to the Bitcoin market with premium generation through the systematic sale of call options. To achieve this, the fund follows an actively managed strategy, maintaining a portfolio composed of financial instruments linked to Bitcoin performance and sold option contracts.

YBIT does not track a traditional market index. Its portfolio is constructed based on management-defined criteria, considering liquidity, instrument characteristics, and option maturities. Allocations are adjusted periodically as contracts expire and new positions are established, ensuring continuous execution of the fund’s strategy.

Diversification and sector exposure

YBIT provides concentrated exposure to the cryptoasset ecosystem combined with financial derivatives markets. Sector diversification includes areas such as:

• Bitcoin-linked financial assets.

• Options markets.

• Financial derivatives.

• Premium-generating strategies.

This composition reflects the integration between cryptoasset markets and traditional financial instruments used to structure income strategies.

Structure and costs

Shares of YBIT are traded on the secondary market, allowing investors to buy and sell during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism that helps align the market price with the fund’s net asset value.

The ETF charges a management fee, which is typical for actively managed funds, and does not apply a performance fee. YBIT may distribute income derived from option premiums, in accordance with its distribution policy.

History and evolution of the ETF

YBIT was launched during a period marked by increasing institutional interest in cryptoassets and the expansion of derivative-based investment strategies.

Since inception, the fund has been used as a vehicle for indirect access to Bitcoin-related strategies combined with income generation through options.

Additional Information

Tidal Trust II (United States) is an exchange-traded fund (ETF), with assets under management totaling $47.04 Millions.

Over the past 12 months, Tidal Trust II recorded a return of -37.05%, with its price trading between $6.82 and $36.48 during the same period.

The ETF is traded under the ticker YBIT.