BTCI: Squeezing ~30% Distribution Yield From Bitcoin

  • BTCI offers high monthly 'income' by writing call options on Bitcoin futures but carries significant risk due to Bitcoin's volatility. The strong performance of Bitcoin and high 30%+ distribution yield has attracted relatively strong investor interest, with AUM rising quickly. While BTCI has outperformed traditional assets by a wide margin, its options strategy can cap upside and lead to underperformance versus pure Bitcoin ETFs in strong rallies.