Amplify Bitcoin 24% Premium Income Fund BITY | CBOE

Company Info

Amplify Bitcoin 24% Premium Income Fund (BITY) had its IPO on , and is traded on CBOE stock exchange.

The Amplify Bitcoin 24% Premium Income Fund is an actively managed exchange-traded fund designed to balance high income generation with capital appreciation. Its primary function is to provide investors with exposure to the price return of Bitcoin without directly holding Bitcoin itself. The fund achieves its objectives by investing in Bitcoin exchange-traded products and employing a covered call strategy, specifically writing weekly call options that are typically 5–10% out-of-the-money. This approach aims to harness the notable volatility of Bitcoin to generate substantial option premium income, with a targeted annualized yield of 24%. The use of weekly options increases flexibility, enables frequent adjustments, and allows for more timely capture of short-term market movements, potentially enhancing overall income. The fund also seeks to distribute this income on a monthly basis, making it appealing to those seeking regular cash flow. By transforming Bitcoin’s price volatility into a consistent source of income, the Amplify Bitcoin 24% Premium Income Fund serves a unique role in the digital asset space, offering a blend of growth and income in a single vehicle, and catering to portfolio allocations focused on income, growth, or alternative assets.

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