(YBIT) YieldMax Bitcoin Option - Overview
Etf: ETF, Options, Bitcoin, ETP, Income
Dividends
| Dividend Yield | 58.44% |
| Yield on Cost 5y | 24.51% |
| Yield CAGR 5y | -2.92% |
| Payout Consistency | 92.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 93.4% |
| Relative Tail Risk | 7.00% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.68 |
| Alpha | -40.17 |
| Character TTM | |
|---|---|
| Beta | 0.868 |
| Beta Downside | 0.639 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.54% |
| CAGR/Max DD | -0.30 |
Description: YBIT YieldMax Bitcoin Option January 17, 2026
The YieldMax Bitcoin Option Income Strategy ETF (YBIT) is an actively managed, non-diversified fund that aims to generate current income by writing covered call options on one or more U.S.-listed exchange-traded products (ETPs) that track Bitcoin’s price. Because the strategy caps upside potential, investors receive option premiums while exposure to Bitcoin’s price movements is indirect and limited.
Key metrics (as of the most recent filing) include an expense ratio of roughly 0.75 % and assets under management (AUM) of about $120 million. The fund’s weighted-average yield, driven by option premiums, has hovered near 8-10 % annualized over the past 12 months, but this figure is highly sensitive to Bitcoin’s volatility, which has averaged ~80 % (30-day realized volatility) in the same period.
Primary drivers of performance are (1) Bitcoin price trends and market sentiment, (2) the level of implied volatility in Bitcoin options (which determines premium income), and (3) regulatory developments affecting crypto-related ETPs in the United States. A sudden drop in Bitcoin’s price or a sharp contraction in options IV could erode the fund’s income and capital preservation.
Given the fund’s non-diversified nature and reliance on a single asset class, risk-adjusted returns should be benchmarked against both a pure Bitcoin exposure (e.g., GBTC) and a traditional covered-call equity ETF to gauge the trade-off between income and upside capture.
For a deeper quantitative breakdown of YBIT’s risk profile and scenario analysis, check out ValueRay’s dedicated research page.
What is the price of YBIT shares?
Over the past week, the price has changed by -10.49%, over one month by -22.98%, over three months by -32.23% and over the past year by -26.77%.
Is YBIT a buy, sell or hold?
What are the forecasts/targets for the YBIT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 30 | 18.3% |
YBIT Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 64.1m USD (64.1m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 64.1m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 64.1m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 9.11% (E(64.1m)/V(64.1m) * Re(9.11%) + (debt-free company))
Discount Rate = 9.11% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)