Bitcoin Yield ETF Bleeds Almost 4% of Assets as Investors Rethink Covered-Call Strategies

Bitcoin Options ETF Sees Nearly 4% Asset Drain as Traders Dial Back Risk

The GraniteShares YieldBOOST Bitcoin ETF, XBTY, recorded net outflows of $1,001,700 on January 16, 2026, a notable pullback that shaved roughly 3.8% off its asset base in a single session. The covered-call-style fund, which seeks to generate income from Bitcoin options, now manages $26.38 million in assets under management (AUM).

While the dollar amount appears modest in absolute terms, the outflow’s size relative to AUM signals a meaningful shift in sentiment among yield-focused crypto investors. After a strong buildup of interest in option-writing Bitcoin strategies last year, the latest move suggests some investors are either locking in gains, repositioning toward spot exposure, or stepping to the sidelines amid heightened volatility.

The related asset, BTC-USD, is currently trading at $95,249.92, down about 11.24% over the past three months. Despite that medium-term slide, short-term technicals have turned more constructive, with a 1-day signal flashing Buy. That disconnect—soft three-month performance alongside improving daily momentum—helps explain why some investors may be reconsidering an income-oriented, potentially capped-upside approach in favor of more direct participation in any rebound.

If Bitcoin’s nascent technical improvement continues, demand could rotate back into growth-focused spot and leveraged products at the expense of option-writing ETFs like XBTY, which trade off some upside for income. Conversely, a renewed downturn in Bitcoin could draw investors back to yield strategies that monetize volatility. For now, the latest outflows underline how quickly capital can move between crypto vehicles as traders attempt to fine-tune exposure in an increasingly sophisticated ETF landscape.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.