6.00Open10.51Pre Close32 Volume1.09K Open Interest54.00Strike Price18.58KTurnover99.74%IV1.61%PremiumNov 29, 2024Expiry Date4.33Intrinsic Value100Multiplier4DDays to Expiry0.94Extrinsic Value100Contract SizeAmericanOptions Type0.7905Delta0.0481Gamma11.44Leverage Ratio-0.2342Theta0.0043Rho9.04Eff Leverage0.0173Vega
EZ_money : yes, a BTC ETF is a derivative of Bitcoin, which is a derivative of the dollar, which is supposed to be representation of something of value, but without anything backing it up there's no accountability, no value...for either.
EZ_money : they like to create these assets out of thing air, helps them control other assets, ETFs have fees you have to pay into
EZ_money : if the ETFs start losing money they stop paying dividends
10baggerbamm : it's the same way that microstrategy is generating 500 million a day in profits.
BITX generates dividends by trading monthly Bitcoin futures contracts. By law, it must distribute 90% of its profits to avoid taxes, leading to monthly dividend payments. The fund does not invest directly in Bitcoin but seeks to benefit from Bitcoin futures price movements, aiming for 2x daily exposure. The dividends come from the yields generated by these futures contracts and cash equivalents held as collateral or margin requirements. The current dividend yield is around 11.8%, with recent payments of $0.59 per share