GraniteShares YieldBOOST Bitcoin ETF (XBTY)

The GraniteShares YieldBOOST Bitcoin ETF is an exchange-traded fund from GraniteShares that trades on NASDAQ under the ticker XBTY. Its primary goal is to generate high current income, paid out regularly, from a strategy linked to bitcoin.

The YieldBOOST approach involves selling put options on a leveraged bitcoin exchange-traded fund and collecting the option premiums, while holding the bulk of its assets in short-term U.S. Treasury securities as collateral. The fund does not own bitcoin directly.

Because the strategy is based on writing puts, the fund's upside is limited to the premiums received, while it remains exposed to declines in the underlying leveraged bitcoin fund. The strategy is actively managed by GraniteShares rather than tracking an index.