Bitcoin Options Income Fund Sees Investors Hit the Brakes as Outflows Nudge AUM
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The Roundhill Bitcoin Covered Call Strategy ETF, YBTC, recorded net outflows of $1,516,405 on January 20, 2026, a notable redemption for a niche options-based crypto strategy. With assets under management now standing at $215.2 million, the latest move represents roughly 0.70% of the fund’s AUM, suggesting a cautious but not yet panicked shift among investors.
The retreat comes as the fund’s underlying asset, BTC-USD, trades at $89,911.24, down about 17% over the past three months. The short-term technical picture is equally downbeat, with a 1-day signal flashing Strong Sell, reflecting persistent selling pressure and momentum-driven weakness in the world’s largest cryptocurrency.
For YBTC, which seeks to monetize Bitcoin’s volatility through a covered call strategy, the outflows may reflect investor frustration with recent price declines, as well as a reassessment of income-focused crypto products in a choppy market. While the size of the redemptions is modest relative to total AUM, it underscores how quickly sentiment can sour when Bitcoin loses its upside momentum—the very fuel that makes options income strategies attractive.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

