Crypto investors hungry for passive income can use a Bitcoin covered-call ETF like BTCY.U. BTCY.U is essentially BTCC.U, but with a covered-call overlay. The fund manager sells an option known as a covered call for a cash premium, which is converted into monthly income for the ETF holder. Essentially, BTCY.U sells the future upside gains of Bitcoin into immediate cash income. Thus, investors can expect BTCY.U to have lower total returns but better yields, which can be suitable for income investors. The yield stands at an incredible 17% thanks to the high volatility of the underlying Bitcoin, which increases options premiums. BTCY.U costs an expense ratio of 1.4%.
