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Amplify Submits Application for Bitcoin Call Option Investment ETF

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Suehyeon Lee
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  • 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.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Photo by Eric Balchunas on X (formerly Twitter)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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shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.