World-First Bitcoin Income Fund: Wave BTC Income & Growth Digital Fund
WBIG offers a way for Bitcoin investors to improve their risk profile versus holding pure BTC spot exposure.
Investors retain Bitcoin exposure through BTC held in the Fund. At the end of each month, 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).
Annualized Call Premium vs Annualized Volatility
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
Jan 2018 - May 2020
management fee on NAV
WBIG targets an annual 18% yield* through the sale of ~20% out of the money BTC options.
WBIG strives to smooth out the volatile BTC return profile by converting that volatility into high yield.
WBIG Outperforms Similar Products Offered in Traditional Markets
Covered call strategies are particularly appealing
in crypto markets owing to high volatility
Cumulative Returns of WBIG and GLDI, Gross of Fees
Monthly Coupon Payments as Percent of NAV
Invest this fund
Bitcoin Income Fund