“Roundhill Files for Bitcoin Covered Call ETF, offering investors a unique opportunity to participate in the potential upside of Bitcoin while generating premium income through covered call options strategy.”
Roundhill Financial, a New York-based investment advisor, has submitted a proposal for a Bitcoin Covered Call ETF in anticipation of the Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs). The proposed ETF would combine a Bitcoin futures ETF with call and put options to generate income. This move showcases Roundhill’s continued interest in crypto-related offerings, as evidenced by their previous filings for an Ethereum futures ETF. The crypto space is buzzing with anticipation for the SEC’s approval of a Bitcoin spot ETF, with many eagerly awaiting the announcement. SEC Chair Gary Gensler confirmed that the agency is reviewing several applications for a spot Bitcoin ETF, sparking increased expectations and causing Bitcoin prices to rise. In other news, BlackRock has filed for a Russell 2000 small capitalization buy-write ETF, aiming to replicate the performance of the Russell 2000 Index. The investment management firm has also proposed an iShares spot Bitcoin ETF, which has already been listed on the Depository Trust & Clearing Corporation (DTCC), potentially signaling approval by the SEC. However, BlackRock recently faced a $2.5 million fine imposed by the SEC for publishing misleading investment information related to their investment in Aviron Group.