GraniteShares YieldBOOST Bitcoin ETF (XBTY)
GraniteShares YieldBOOST Bitcoin ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $5.53, up 0.36% on the session, giving a market capitalisation of $11.3M. Its beta of 0.84 implies it has historically moved less than the broad market.
The primary aim of this Fund is to generate an income return that is double (200%) what would typically be achieved by selling options on Bitcoin. This is accomplished by writing options on leveraged exchange-traded funds (ETFs) specifically designed to deliver twice the daily performance of Bitcoin. A secondary objective is to gain exposure to the performance of these underlying leveraged ETFs, subject to a defined upper limit on potential investment gains. The fund also reserves the option to implement strategies for downside protection, which could influence the ultimate net income level.
GraniteShares YieldBOOST Bitcoin ETF is most often compared with the following Financial Services names: