VistaShares has launched BTYB, an actively managed ETF on the NYSE that focuses on US Treasurys and Bitcoin exposure through options strategies. The fund allocates 80% to Treasurys and 20% to Bitcoin using a synthetic covered call strategy, offering higher income from options premiums rather than tracking spot prices.

The ETF aims to provide twice the yield of a five-year Treasury, with weekly distributions varying based on market conditions. VistaShares, a US-based issuer, specializes in actively managed funds with thematic exposures using options strategies. Other issuers are also experimenting with crypto ETFs beyond single-asset products, combining Bitcoin with additional assets or broader crypto baskets.

The SEC approved two spot crypto index ETFs in 2024, allowing Hashdex’s Nasdaq Crypto Index US ETF and Franklin Templeton’s Franklin Crypto Index ETF to trade. Bitwise Asset Management launched the Bitwise Proficio Currency Debasement ETF in January, targeting the declining purchasing power of fiat currencies. Hashdex expanded its Crypto Index US ETF in September to include XRP, Solana, and Stellar, alongside Bitcoin and Ether.

Read more at Cointelegraph.: VistaShares Debuts BTYB, a Treasury ETF with Bitcoin-Linked Exposure