YieldMax Bitcoin Option Income Strategy ETF
YBIT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Apr 23, 2024
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax Bitcoin Option Income Strategy ETF (YBIT) is an actively managed exchange-traded fund that seeks to generate current income and provide exposure to the share price of the spot Bitcoin ETF iShares Bitcoin Trust (IBIT), subject to a cap on potential gains, through a synthetic covered call strategy collateralized by cash and US Treasuries. The fund writes call options on IBIT, typically on a weekly basis with expirations of one month or less, one to three times per month; sells put spreads on IBIT; and holds collateral including US Treasuries and cash equivalents to support its options positions. YBIT operates within the investment management industry, targeting income-focused investors seeking Bitcoin-linked returns with defined risk parameters; it is distributed through major US brokerage platforms and trades on NYSE Arca. The ETF was launched in 2024 by YieldMax ETFs, a brand of Tidal Investments LLC, which serves as the sponsor and investment adviser; Tidal Investments LLC is headquartered in Milwaukee, Wisconsin. YieldMax ETFs manages a suite of similar option income strategy ETFs focused on single securities or baskets, including those on equities like Tesla (TSLY) and Nvidia (NVDY), cryptocurrencies, and other assets; no parent company relationship is specified beyond Tidal's role. In recent developments, YieldMax expanded its lineup with the launch of YBIT in mid-2024 amid growing demand for Bitcoin-related income products following the approval of spot Bitcoin ETFs; the fund introduced weekly distributions to enhance monthly income potential for shareholders. No major acquisitions, partnerships, or name changes have been reported for YBIT or its sponsor in the last 1-2 years; however, YieldMax announced enhancements to its distribution policies across funds in 2025 to better align with investor preferences for frequent payouts. The ETF maintains operations exclusively in the United States with no international geographic expansion noted.