Income Fund
Bitcoin Income Fund: Wave BTC Income & Growth Digital Fund
Objective
WBIG offers a way for Bitcoin investors to improve their risk profile versus holding pure BTC spot exposure.
Methodology
Investors retain Bitcoin exposure through BTC held in the Fund. At the end of each month, the Fund Manager sells one-month call options backed by the Bitcoin held in the Fund, collects a premium from option sales, and passes that premium through to investors in the form of a monthly dividend.
The Fund aims to produce 1.5% of AUM in dividends per month (18% per annum).
Why us
Income and Growth
Investment objective to deliver target monthly USD dividends of 1.5% while still capturing potential upside.
Convenience
Simple vehicle lowers administrative barriers and provides access to expertise of managing.
Liquidity
Bi-monthly redemption periods with no lockup. WBIG may be tokenized in the future to allow for 24/7 trading.
Security
State of the art custodians and counterparties reduce risk and selected to safely protect digital assets in the fund.
Hedged Volatility
WBIG investors may profit while being protected against volatility, allowing risk-managed exposure to BTC.
Tax Efficient*
Designed to enable Bitcoin cost-basis to roll over upon investment for U.S. investors.
*Wave Financial recommends that potential investors seek professional tax counsel
0%
per annum
Employs Covered Call Strategy by holding funds in BTC and selling Call options monthly
Targeting 1.5% monthly dividend (18% pa) while capturing up to 20% of monthly price appreciation, paid out monthly or reinvested.
How it works
WBIG Perfomance
Nov 2019 - Oct 2021
management fee on NAV
Potential for Enhanced Yield
WBIG targets an annual 18% yield* through the sale of ~20% out of the money BTC options.
Stable Returns
WBIG strives to smooth out the volatile BTC return profile by converting that volatility into high yield.
Trusted Service Providers
Media
Learn More
Bitcoin Income Fund
Sign up for our research reports and Investor Letter
Other products and services
Index Fund
Wave Select 5 Digital Fund provides exposure to one of the best performing asset classes of the last 5 years
Real Asset Fund
Wave Whiskey 2020 Digital Fund, the world’s first tokenized whiskey barrel fund that captures value appreciation associated with the aging of Kentucky whiskey, designed to be recession resistant
Active VC Fund
Wealth Management
Your ultimate solution for digital asset portfolio management, combining custody, execution, and tailored investment strategies.
Protocol Inventory Management
Advanced treasury solutions including managed liquidations, staking, and derivatives support - all provided by our 24/7 global trading team.