YieldMax Bitcoin Option Income Strategy ETF
$21.37−0.44 (−2.02%)
- Expense ratio
- 1.02%
- Fund size
- $64M
- 1Y return
- −22.5%
- Yield · Last 12 months
- 72.73%
- Holdings
- 11
- Volume · 30D
- 0M sh
- NAV per share
- $21.83
- 52W range
The ETF.net YBIT Grade
Score 35 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 17Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 70Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 46Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 67Category rank
Our read on YBIT
DBitcoin income without the coins. It sells call spreads on a spot bitcoin ETF, aiming to turn crypto's volatility into weekly income. The spread, not a plain covered call, is the signature move: the ceiling is a band, not a lid.
The fund seeks weekly current income by selling call spreads on the iShares Bitcoin Trust ETF (IBIT), while retaining exposure to that underlying's price movements.
Why people hold it
- Sells call spreads rather than plain covered calls, so upside is given away inside a band and participation picks back up above the upper strike.yieldmaxetfs.com
- Bitcoin-linked exposure through options on the iShares Bitcoin Trust ETF inside a 1940 Act fund. No wallet, no keys, no crypto exchange account.yieldmaxetfs.com
- Income is premium-driven and paid on a weekly cadence, with no fixed payout rate declared. The premium harvested rises and falls with bitcoin's volatility.yieldmaxetfs.com
- Launched in 2024, one of the earlier options-income funds written directly on a spot bitcoin ETF rather than on futures.
Worth knowing
- The 1.02% expense ratio sits above several crypto-income peers, including BAGY at 0.65% and CEPI at 0.85%.
- One reference, one risk: the entire strategy rides on a single bitcoin ETP, with no diversification to cushion it.
- A small fund that trades lightly, so bid-ask spreads can be wider than in the big option-income names. Limit orders matter here.
YBIT Holdings
- Other
- 11
- 107%
- United States Treasury Note/Bond 2.375% 05/15/2027
YBIT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | YBIT |
|---|---|
| Year to date | −5.2% |
| 1 month | +9.1% |
| 3 months | +26.3% |
| 1 year | −22.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | YBIT |
|---|---|---|
| 2026 YTD | −5.2% | |
| 2025 | −2.4% | |
| 2024 | +1.2% |
YBIT in the news
ETF.net Research hasn’t filed on YBIT yet — coverage lands here as it’s written.
YBIT Dividends
- 72.73%
- $15.86
- $0.27 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.27 |
| Sep 10, 2026 | Sep 11, 2026 | $0.31 |
| Sep 3, 2026 | Sep 4, 2026 | $0.26 |
| Aug 27, 2026 | Aug 28, 2026 | $0.27 |
| Aug 20, 2026 | Aug 21, 2026 | $0.12 |
| Aug 13, 2026 | Aug 14, 2026 | $0.14 |
| Aug 6, 2026 | Aug 7, 2026 | $0.17 |
| Jul 30, 2026 | Jul 31, 2026 | $0.19 |
| Jul 23, 2026 | Jul 24, 2026 | $0.19 |
| Jul 16, 2026 | Jul 17, 2026 | $0.18 |
| Jul 9, 2026 | Jul 10, 2026 | $0.17 |
| Jul 2, 2026 | Jul 6, 2026 | $0.15 |
YBIT Risk
- 36.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.02
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −47.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
YBIT Cost
- The middle half of Crypto Option Income funds
- Median 0.85%
16 of the 21 Crypto Option Income funds charge less.