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Roundhill Investments, a key player in the ETF industry, has launched its new Bitcoin ETF, trading under the ticker YBTC. Debuting on the Chicago Board Options Exchange (CBOE), this actively managed fund aims to reflect the performance of Bitcoin, primarily through investment in the ProShares Bitcoin Strategy ETF (BITO). YBTC stands out for incorporating a covered call strategy, which aligns with the growing interest in combining cryptocurrency investments with traditional financial instruments.
Roundhill’s YBTC Covered Call Strategy
YBTC employs a distinctive approach by selling out-of-the-money (OTM) call options on BITO. This method generates additional income while placing a cap on the maximum potential gains from Bitcoin’s price movements. Selling OTM call options involves setting strike prices above Bitcoin’s current market price, allowing YBTC to earn premiums from these options. This approach is a fundamental aspect of the covered call strategy, providing revenue for the fund regardless of the underlying asset’s market direction.
This strategy introduces a nuanced risk profile. While it offers an additional income stream, it also potentially limits the fund’s gains compared to Bitcoin’s direct market performance. This aspect is crucial for investors to consider, as it differentiates YBTC from other Bitcoin investment vehicles that aim for a direct correlation with the cryptocurrency’s market movements.
YBTC: A Gateway for Investors into Bitcoin
The primary goal of YBTC is to offer investors a pathway to participate in the dynamics of Bitcoin, which maintains its position as the leading cryptocurrency by market capitalization. The covered call strategy employed by YBTC is designed to produce a consistent monthly income, making it an attractive option for investors looking for regular returns.
By integrating a covered call strategy with a Bitcoin ETF, YBTC allows investors to engage in the cryptocurrency market with a unique risk-reward balance. The fund seeks to distribute returns, where possible, every month, aligning with its aim of income generation. This structure allows investors to benefit from Bitcoin’s price movements, albeit with a limit on the potential upside.
Read Also: Dogecoin (DOGE) Listed on Top Indian Exchange, DOGE to Rally?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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The Ethereum Merge is now completed, with the Ethereum network finally migrating to a proof of stake mechanism.
ETH, the native token of the Ethereum blockchain, has been underperforming over the last 24 hours. The poor performance coincides with that of the broader cryptocurrency market.
The crypto market has lost less than 1% of its value in the last 24 hours, with the total market cap still below the $1 trillion mark. Bitcoin is down by more than 1% so far today and risks dropping below the $20k threshold if the bearish momentum continues.
However, ETH should be rallying, considering the Ethereum Merge was successfully completed a few hours ago. The event was successfully completed a few hours ago after the network reached “terminal total difficulty” earlier on Thursday.
And we finalized!
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
— vitalik.eth (@VitalikButerin) September 15, 2022
The Merge has now changed how ETH tokens are created and how transactions on the Ethereum blockchain are validated.
In the past, Ether tokens were generated via mining, which is an energy-consuming process where miners direct huge amounts of computational power to solve difficult puzzles.
With the proof of stake mechanism, new ETH would be generated by individuals or entities dedicating large amounts of pre-existing ETH tokens.
Key levels to watch
The ETH/USD 4-hour chart is bearish as Ether has been underperforming over the past 24 hours. The technical indicators are bearish despite the execution of the Merge a few hours ago.
The MACD line is within the negative zone, indicating that the ETH market is bearish at the moment.
The 14-day relative strength index of 36 shows that ETH could enter the oversold region if the momentum is maintained.
At press time, ETH is trading at $1,584 per coin. If the bearish trend continues, ETH could slip below the $1,513 support level before the end of the day.
However, with the Merge taking centre stage in the crypto space, ETH could bounce back and rally higher later. If that happens, ETH could surpass the $1,743 resistance level over the next few hours.
Where to buy now
eToro
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Bitstamp
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Cardano has proven to be one of the crypto market’s most active and dynamic digital assets in the past year. And according to analysts, Cardano and other popular crypto assets such as Bitcoin and Ethereum will be a worthwhile investment for both the short and the long term with potentially higher profits.
The Cardano blockchain is used to build smart contracts and create decentralized applications and protocols. Additionally, the ability to send and receive funds instantly for minimal fees has many applications in business and finance analyzing making a move.
And now, with the Vasil Hard Fork, Cardano is implementing further functionalities improving performance as well.
And with this, new projects that propose astonishing plans stand to benefit as the ecosystem’s possibilities widen.
Cardalonia is a metaverse project built on Cardano that is positively impacted by the Vasil Hard Fork. Also, the project has revealed plans to kick off after the following staking snapshot, with $LONIA token holders being the first to be able to join in the land minting after the token presale has ended.
And soon, Cardano will reveal new features gained through the hard fork, which will surely bring a significant advantage to Cardalonia.
Let’s see what Cardalonia is in detail and what benefits it offers.
What is Cardalonia?
With an ever-rising interest in cryptocurrencies, it is necessary to understand the project’s features and vision before investing. More importantly, it is essential to understand what differentiates one project from the other. Let’s zoom in on Cardalonia:
Cardalonia is a decentralized, fully customizable virtual world on Cardano where players can build and own their experiences on the Cardano Blockchain. The project utilizes the Cardano blockchain to integrate blockchain-based transaction layers, verifying player NFT ownership for admission to content and much more.
Utilizing the Cardano ecosystem known for its security, Cardalonia developed a 3D decentralized gaming metaverse that would unlock creativity as users can earn, create, socialize, play, trade, and much more.
Cardalonia aspires to be a sprawling, decentralized, massively multiplayer, multi-chain ecosystem of many interconnected worlds soon. Also, the project prepares to provide seamless blockchain connections for play to earn, cross-chain possibilities, and decentralized infrastructure.
Cardano’s Vasil Hard Fork
Cardano is a third-generation blockchain platform that became a multi-asset ledger following the Mary hard fork. The update enabled the Cardano blockchain to generate fungible and non-fungible tokens (NFTs) on-chain without using a specific smart contract.
As Cardano prepares for the much anticipated Vasil Hard Fork combinator event, which has been delayed for a few more weeks, this hard fork event will witness an increase in the speed and throughput of the Cardano Blockchain. It also will provide new features on the 3rd generation POS blockchain.
The focus of the Vasil hard fork is to improve the Cardano network for all its users and upgrade the programming experience for Cardano developers.
In essence, it aims to solve the issues the first two generations of crypto face regarding usability, scalability, and security.
Cardalonia envisions bringing frictionless blockchain integrations for play to earn, cross-chain capabilities, and decentralized infrastructure in the future.
$LONIA token presale & more
Users can benefit from all the above and more by joining Cardalonia.
$LONIA Token presale is live for early adopters who would love to acquire the tokens at a discount to either stake them to receive 20% APY or to be able to join the Cardalonia Land NFT sale.
You can get more information on the official Cardalonia website and their socials on Twitter, Telegram, or Discord.
Cardano has proven to be one of the crypto market’s most active and dynamic digital assets in the past year. And according to analysts, Cardano and other popular crypto assets such as Bitcoin and Ethereum will be a worthwhile investment for both the short and the long term with potentially higher profits.
The Cardano blockchain is used to build smart contracts and create decentralized applications and protocols. Additionally, the ability to send and receive funds instantly for minimal fees has many applications in business and finance analyzing making a move.
And now, with the Vasil Hard Fork, Cardano is implementing further functionalities improving performance as well.
And with this, new projects that propose astonishing plans stand to benefit as the ecosystem’s possibilities widen.
Cardalonia is a metaverse project built on Cardano that is positively impacted by the Vasil Hard Fork. Also, the project has revealed plans to kick off after the following staking snapshot, with $LONIA token holders being the first to be able to join in the land minting after the token presale has ended.
And soon, Cardano will reveal new features gained through the hard fork, which will surely bring a significant advantage to Cardalonia.
Let’s see what Cardalonia is in detail and what benefits it offers.
What is Cardalonia?
With an ever-rising interest in cryptocurrencies, it is necessary to understand the project’s features and vision before investing. More importantly, it is essential to understand what differentiates one project from the other. Let’s zoom in on Cardalonia:
Cardalonia is a decentralized, fully customizable virtual world on Cardano where players can build and own their experiences on the Cardano Blockchain. The project utilizes the Cardano blockchain to integrate blockchain-based transaction layers, verifying player NFT ownership for admission to content and much more.
Utilizing the Cardano ecosystem known for its security, Cardalonia developed a 3D decentralized gaming metaverse that would unlock creativity as users can earn, create, socialize, play, trade, and much more.
Cardalonia aspires to be a sprawling, decentralized, massively multiplayer, multi-chain ecosystem of many interconnected worlds soon. Also, the project prepares to provide seamless blockchain connections for play to earn, cross-chain possibilities, and decentralized infrastructure.
Cardano’s Vasil Hard Fork
Cardano is a third-generation blockchain platform that became a multi-asset ledger following the Mary hard fork. The update enabled the Cardano blockchain to generate fungible and non-fungible tokens (NFTs) on-chain without using a specific smart contract.
As Cardano prepares for the much anticipated Vasil Hard Fork combinator event, which has been delayed for a few more weeks, this hard fork event will witness an increase in the speed and throughput of the Cardano Blockchain. It also will provide new features on the 3rd generation POS blockchain.
The focus of the Vasil hard fork is to improve the Cardano network for all its users and upgrade the programming experience for Cardano developers.
In essence, it aims to solve the issues the first two generations of crypto face regarding usability, scalability, and security.
Cardalonia envisions bringing frictionless blockchain integrations for play to earn, cross-chain capabilities, and decentralized infrastructure in the future.
$LONIA token presale & more
Users can benefit from all the above and more by joining Cardalonia.
$LONIA Token presale is live for early adopters who would love to acquire the tokens at a discount to either stake them to receive 20% APY or to be able to join the Cardalonia Land NFT sale.
You can get more information on the official Cardalonia website and their socials on Twitter, Telegram, or Discord.
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