1 hour ago
VistaShares has launched BTYB, an actively managed exchange-traded money (ETF) listed connected the New York Stock Exchange that allocates astir of its assets to US Treasurys portion utilizing options strategies to supply play income and Bitcoin-linked terms exposure.
According to the Tuesday announcement, the money allocates astir 80% of its portfolio to US Treasury securities and related instruments, with the remaining 20% tied to Bitcoin (BTC) terms movements done a synthetic covered telephone strategy. Holdings information shows the fund’s Bitcoin-linked vulnerability comes from telephone options connected BlackRock’s iShares Bitcoin Trust (IBIT).
In this peculiar context, a synthetic covered telephone strategy uses derivatives to make Bitcoin terms vulnerability and sells telephone (buy) options against that vulnerability to make income, alternatively than holding Bitcoin directly. As a result, BTYB does not way spot Bitcoin prices and limits upside imaginable successful speech for higher income from options premiums.
Sources: Vistashares.com VistaShares said the ETF aims to present astir doubly the output of the five-year Treasury, though distributions are not guaranteed and whitethorn alteration play depending connected options marketplace conditions and involvement complaint movements.
VistaShares is simply a US-based ETF issuer that focuses connected actively managed funds utilizing options strategies and thematic exposures alternatively than accepted passive scale tracking.
Related: Average Bitcoin ETF bargain underwater arsenic investors propulsion $2.8B successful 2 weeks
Crypto ETF issuers grow beyond single-token products
Other issuers person besides launched exchange-traded funds successful the US that blend Bitcoin with further assets oregon broader crypto baskets, reflecting increasing experimentation beyond single-asset crypto funds.
On Dec. 19, 2024, the United States Securities and Exchange Commission (SEC) approved two spot crypto scale ETFs, clearing Hashdex’s Nasdaq Crypto Index US ETF for trading connected Nasdaq and Franklin Templeton’s Franklin Crypto Index ETF for listing connected Cboe BZX Exchange. Both funds clasp spot Bitcoin and Ether (ETH) and way their respective crypto scale benchmarks.
In January, Bitwise Asset Management launched the Bitwise Proficio Currency Debasement ETF, an actively managed money that holds Bitcoin, precious metals and mining equities with the purpose of addressing the declining purchasing powerfulness of fiat currencies.
ETFs tracking a broader scope of cryptocurrencies are besides gaining traction. In September, Hashdex expanded its Crypto Index US ETF to adhd XRP (XRP), Solana (SOL) and Stellar (XLM). The Nasdaq-listed money holds 5 cryptocurrencies connected a 1:1 basis, including Bitcoin and Ether, according to the company.
In November 2025, 21Shares launched two US-regulated cryptocurrency scale ETFs: the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF. Both funds way FTSE Russell crypto indexes and clasp baskets of large-cap integer assets.
Magazine: The captious crushed you should ne'er inquire ChatGPT for ineligible advice
Cointelegraph is committed to independent, transparent journalism. This quality nonfiction is produced successful accordance with Cointelegraph’s Editorial Policy and aims to supply close and timely information. Readers are encouraged to verify accusation independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
English (US) 