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, 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).
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
Nov 2019 - April 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.
WBIG strives to smooth out the volatile BTC return profile by converting that volatility into high yield.
Bitcoin Income Fund