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Bitcoin Income Play Loses $6 Million in a Day as Investors Step Back from Covered Calls

Bitcoin Income Play Loses $6 Million in a Day as Investors Step Back from Covered Calls

Bitcoin Options Strategy ETF Sees Cash Exit Even as Signals Turn Bullish

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The Roundhill Bitcoin Covered Call Strategy ETF, YBTC, recorded outflows of $6.02 million on April 20, 2026, trimming its assets under management to $154.53 million. The latest redemption amounts to roughly 3.9% of AUM, a sizable one-day pullback that suggests investors are locking in option-premium gains or reducing risk after a volatile stretch for Bitcoin.

The related asset, BTC-USD, is currently trading at $78,058.58 after dropping about 13.3% over the past three months. Despite that medium-term weakness, the coin’s one-day technical signal has flipped to Buy, highlighting a short-term momentum rebound that contrasts with investors’ recent caution toward the covered-call ETF structure.

YBTC’s sizeable outflow underscores the tension between income-focused crypto strategies and traders seeking pure beta exposure as Bitcoin oscillates near recent highs. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

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