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
Dec 2019 - Mar 2022
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
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Bitcoin Income Fund
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