Amplify Submits Application for Bitcoin Call Option Investment ETF

Suehyeon Lee

Summary

Amplify has reported that it applied for the 'BITY' ETF, which invests in Bitcoin call options.
The BITY ETF is said to invest about 10% of its assets in Bitcoin call options.
The YBIT ETF, currently in operation, records a 65% return but is lagging behind BlackRock's IBIT in terms of returns.

*Photo by Eric Balchunas on X (formerly Twitter)*

US ETF manager Amplify has submitted an application for a Bitcoin (BTC) call option investment product.

On the 6th (local time), Eric Balchunas, a Bloomberg analyst, shared on his X (formerly Twitter) that "Amplify has submitted an application for the 'Bitcoin Premium Income ETF (BITY)', which invests about 10% of its assets in Bitcoin call options."

He further explained, "The YBIT, which has been operating for 10 months, holds $121 million in assets under management and has a return of 65%. However, it is lagging behind BlackRock's Bitcoin spot ETF, IBIT, in terms of returns."

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

Amplify Submits Application for Bitcoin Call Option Investment ETF

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