The Amplify Bitcoin 24% Premium Income ETF (BITY) offers investors a unique approach to capital growth and income generation by targeting a high annualized option premium of 24%. This ETF is actively managed and falls into the Pair category, focusing on a strategic position of being Long on Bitcoin while Short on the US Dollar. Operating within the Derivative niche, BITY employs a synthetic covered call strategy, which is designed to harness the price movements of Bitcoin. By using a combination of standardized exchange-traded and FLEX options, BITY seeks to balance the high volatility of Bitcoin with steady income generation. This innovative strategy appeals to investors looking for a blend of high income potential and capital appreciation, all while navigating the complexities of cryptocurrency markets.
Amplify Bitcoin 24% Premium Income ETF (BITY) Fund Flow Chart
Amplify Bitcoin 24% Premium Income ETF (BITY) 1 year Net Flows: $13M
BITY ETF FAQ
What was BITY’s price range in the past 12 months?
BITY lowest ETF price was $49.46 and its highest was $61.76 in the past 12 months.