BITO

fpsstreak

Decent strategy. But I like monthly dividend paying ETFs. Curve balls are like BITO,YBIT. They are risky but with like 2.5k on each. $100 a month almost 98% guaranteed on each. From there a more secured option is BTCI…pays around the same as VOO monthly because again..bitcoin related. Invest a lot heavier because it’s a lot safer. Last time owning almost 180+ shares it gave $283 that month alone. I had to unfortunately sell since I changed investing strategy. For fast gains…putting a lot more money than I was comfortable having out there. I like a pile for unexpected expenses and all. So I met my goal and now I can invest on my next paycheck as much as my heart desires. $800-1k per paycheck. I am looking for the four towers of high yield dividend ETFs and stocks to push a strong money supply out of my investments early on. Then with my constant 2x a month investments of my own money to then start buying the good stuff easier with all the generated income. I stopped but this year I clocked in 1k in dividends with very low money in. 95% -SPYI -BTCI -JEPQ/QQQI -JEPI/O 5% MISC. -crypto: XRP,HEDERA,AVAX -weekly paying ETFs -curve balls: XOEF(dividend payments have not been announced for it being soo new to the market), calls, penny stocks with some DD. -crypto futures: BITO, BTCH. BTCH is two years old but does one payment of $20 a year…buy some 50 shares at some point and see if I get $1k Christmas gifts every year.

Key_Football4647

Funny how the YouTube people talk up MSTY & ULTY. Yet Forbes who are much smarter than most if not all the YouTubers says BITO. Gee I wonder which to buy 

Key_Football4647

ULTY uses 100% ROC at times. That why it’s not going up. BITO goes up and down like normal. Most YieldMax just go down on share price  

BagelsRTheHoleTruth

Seriously. I've seen so many people spouting about UTLY like it's this genius, unknown strategy. Do the math on where you'd be if you bought when the ETF first started trading, and collected dividends. Spoiler: you'd be down. BITO is similar, but tracks Bitcoin futures, so if you can catch a good bottom right before a big run up in BTC, you can come out ahead nicely on the dividends AND the underlying, but again, you need to time that really well, as the underlying trends down overall in those high yield ETFs.

Recent_Register_2952

BITO divvy just hit 🤌🤌🤌🤌

Recent_Register_2952

Or just buy IBIT, BITO, or any of the many ETFs that exist already?

Recent_Register_2952

Can't get enough of these BITO divs

Alternative_Rule6208

Use IBIT/BITO.

Similar_Weather4519

Everyone should note BITO has had a very stable price over the last few years and continues to yield about 50% even though the dividend is down since 2024! As long as BITO can continue trading Bitcoin, I beleive the BITO dividends will continue. I have a very detailed BITO yield projection spreadsheet I would be happy to share with your email. My strategy uses the DRIP program so even wtih lower dividends, the strategy still performs becasue you buy new shares at a lower price but yield still stays high. The risk is BITO can no longer trade Bitcoin! Minimal risk!! Bob D

short-premium

Hey i agree it is hard to find these stocks and i have already mentioned that. there are only a few places you can look at. BITO, GRPN, JD etc. now you have to wait when iv jumps in these. pls there are more as well.

rameshkyadav82

BITO, JEPQ and NVDY, best Etf and prove high yield.

cleptocurrently

I own both. Also have a good bit locked up in BITO and EETH. I also have a ton of LEAPS on BITO. 50% of my accounts are depending on this bull run over the next 5 months.

ThisDragonfruit6496

I guess I wasn’t very specific. I’m not hurting to make those payments above. More along the lines of not wanting it to sit in a checking or savings account and “lose money” because of inflationary reasons. And I can’t argue the asking the internet for advise part - lol I work in tech, so most of my prior investments have been FANG, VOO, and SPY. I don’t know too much about REITS, PE, high yield dividend stocks, and crypto. I’ve also read up on BITO paying hefty dividends monthly that seem intriguing.

bebejr45

FOMO really. I was all in on BITO because it was paying crazy dividends. I sold it and started buying different stocks. Like 1-2k each

AICHEngineer

Ignoring taxes: The total lifetime return of BITO is 46.3% since OCT 2021(-80% drawdown right after launching doesnt help). BITO basically making no distributions until bitcoin starts ripping. BITO without drip is down -46.6%.

TaxApprehensive8024

All this and yet my BITO holding is still down 17% from when I bought in '21. Makes sense.

Ultimus_Omegus

No I follow my rules and don’t let bias cloud ruleset. If I am wrong in a trade I am out. The futures aren’t really for investing, if you want to invest thats what the SPY is for. Futures have expiration dates and different prices of contracts going forward either do to backwardation or contango. A good example is look at IBIT vs BITO, one is based on futures contracts

Freefromoutcome

RDDT ironically enough. Also BITO has been a money printing machine for me.

Suitable-Delay3371

BITO Call Options this week loaded up like crazy on Friday morning 🚀🚀🚀🚀

cleptocurrently

I like BITO and EETH but yeah.

LeaderSevere5647

It really is crazy. I only bought BITO because I was tax loss harvesting FBTC. The dividends are huge but also a massive PITA if you’re trying to be tax efficient like I was. I should have done more research. I’m using the distributions to purchase more FBTC.

FeedbackFinance

Saylor is a genius, but Blackrock is more important to our entire financial system / liquidity in markets than most laypeople realize. IBIT truly changed the game, BITO futures product was ASS and the inflows from etfs really are a game changer. There will eventually be a divorce/nasty infighting when the hardcore BTC believers are forced to concede Blackrock and the follow on products from Fidelity, Vanguard et al accidentally re-centralized BTC into trad finance markets. Much easier to manipulate the price once it's not on the blockchain as well. Til then, weeeeeee!

Nsearchofmyself

If BITO a good investment for the dividends? I know it is tied to futures BTC and not BTC holdings, but, what am I missing? I hear virtually nothing about it.

Reeeeeekola

Your post is entirely wrong and inaccurate.  "It’s pure speculation. You aren’t buying shares of bitcoin" BTC futures are CME commodity cash settled futures.  No different than crude oil, wheat, bonds, stock market futures.  "In return for the high payout you get exposure to all of the downside and a limited amount of the upside." Total returns for BITO are identical to BTC minus fees, transaction costs, and SOFR.

davecrist

I have a small percentage of BITO to do the same thing. It’s not much but it’s a drip above what i can contribute per year.

Reeeeeekola

The distribution is roughly just the monthly returns of Bitcoin.   Replication with BITO: buy 1000 dollars of BITO shares.  At the end of the month sell  BITO shares and repurchase at most 1000 dollars of BITO shares.

arBettor

ROC = Return of Capital. But I disagree. On the "Distributions" section of their website ([BITO | Bitcoin ETF | ProShares](https://www.proshares.com/our-etfs/strategic/bito)) they're all classified as dividends instead of ROC. Although in their FAQ, they state some distributions might be reclassified as ROC if the fund incurs losses later in the fiscal year. But back to your original post, the catch is that BITO buys and rolls front-month bitcoin futures contracts. That is extremely costly, so the fund's total return massively underperforms bitcoin itself in most cases. On top of that it's distributing ordinary income so the after-tax return is even worse if held in a taxable account. The past year's 53% yield is a function of bitcoin's appreciation. Since they're rolling contracts each month, they're realizing gains every time they roll the contracts forward. Over the past year, BITO's total return was 81.52%, the vast majority of which was distributed as ordinary income. By contrast, FBTC (a spot bitcoin ETF) returned 92.27% over the same period and left investors with the choice of when to realize their own gains (mostly). Over a year where bitcoin loses value, BITO's dividends might be zero. So I would not look at the dividend yield as an advantage. It's a representation of the inefficiencies of the strategy, both in its ability to track bitcoin's price, and its ability to generate after-tax returns.

DaRipster1515

I have JEPQ and BITO. I'll ride BITO out until it stops paying. IEP, VOC QQQI, NLY are other choices

cinJESUS

IBIT is spot BTC, you might be thinking of BITO which is bitcoin futures

Chronotheos

I owned BITO and now own IBIT. That doesn’t make anything I said untrue. Line goes up, but it’s still a clown asset.

traderbusto

BITO

fpsstreak

ETFs. Stick to monthly dividend payments and disable reinvesting. 1. The ETFs don’t go crazy up or down. 2.search dividend history with high yields 3. Invest. I’m a 9-5 so I do crypto ETFs and futures. Get like $200 a month in dividends. I found even riskier ETFs and I’m hitting those. You tell me what makes sense… 134 shares of SPYI makes Around $20 a month 134 shares of BITO makes around $134 or more if crypto is good. Even at its worst moments it’s still higher than $20….i guess I forgot to mention that for said market conditions. 134 shares of SPY is like $6,000 134 shares of BITO is like $2,500 tops This is more sustainable for my wallet. I used to be heavy on crypto and it paid out a lot of fun evenings. But the losses at times her also heavy. The collapse of AVAX, XRP recently from the glorious $3 Now I use dividend money to buy crypto in a passive wallet away from Robinhood and just stockpile it. If the train ever goes up again..I will be loaded.

traderbusto

my one BITO share just earned a $1.00 monthly dividend. what in the yieldmax is that shit?

throwaway39803980

Buy botcoin etf. IBIT or BITO. 💯

EKcore

ZGRO. or ZEQT. Or what ever MER is the lowest equivalent from the ETF maker for set it and forget it. BITO for some BTC exposure.  And ZGLD for gold.

dimethylhyperspace

It broke 97 for good..it's going to retest ATHs at this point.. Calls on BITO

Careful-Studio885

By raising money to buy BTC, MSTR no longer follows a 1:1 trajectory similar to a BTC ETF such as BITO. People like leveraged plays, because they can capitalize on higher % gains if they speculate on the long side correctly. The thing about MSTR here is that, they won't sell any BTC. So on a market downturn, especially a crypto winter, shareholders aren't guaranteed to get their claim on BTC back. This is because MSTR also raises money via convertible bonds, and bondholders have a higher claim to assets (BTC holdings from MSTR), in the event of a liquidity crisis.

Limp_Incident_8902

I've been. Collecting checks off BITO monthly for a long time now. The price is irrelevant to me at this point

throwawaywhiteguy333

Buy a crypto ETF like BITO or IBIT?

exposed_anus

BITO wtf

exposed_anus

Up to $1300/month in dividends BITO NVDY MSTY JEPQ FIGHT ME

bananaspeaches69

https://preview.redd.it/i06844nap0xe1.png?width=1063&format=png&auto=webp&s=cc34abbb0ce252964b54db526168f90244121301 I'm shorting $BITO

DonnyB79

I have some BITO in my portfolio, but unfortunately for me I added it at what must be the exact top. My initial price bought was $25.75, lol

KAW42089

FBTC in the individual and BITO in the Roth. BTC has held the best during this bear market.

OptionsJive

If you want tradable liquid options on the regulated side, ETFs like IBIT and BITO are the real deal now.

cleptocurrently

Three reasons mainly. The leveraged ETF is for day trading, not really for long term holding. Its options are way more expensive per contract on LEAPS. And I already own a good many BITO shares.

SugarLanded

Do BITO LEAPS have higher volatilty than BITX? Why not own stock that never expires instead of LEAPS?

cleptocurrently

Bro, tomorrow I hope to be counting profits. I have BITO leaps for Jan ‘26 and ‘27. Spread $16 - $22. Might have to paper hand a few contracts.

SelfZealousideal9964

I would go all in on BITO bitcoin , buy the dip options and go long buy as many as you can good luck. or IBIT or MSTR you choose but should be a good turn around.

cleptocurrently

If my BITO calls print today, then yes.

KAW42089

I find it hilarious that BITO is still in the green for me. Been dripping it for a year now.

Puff05251

I like to short QQQ and BITO of late also. Can you imagine, shorting tech, and not buying the dip?

Blue_Raven_AZ

Pick up a little GME tomorrow morning to brighten the day.. Add a splash of BITO for spiciness, just for fun🍻nfa

Blue_Raven_AZ

Lots of GME, LCID, BITO and a little TLRY on the side for seasoning 🍻🍻🍻🤦

Unlucky-Clock5230

I have both puts and calls open on BITO set to expire next Friday. I'm fairly confident both will expire. BITO is currently trading under NAV, the underlying asset (bitcoin) is enjoying an uptick. That should give the price a lot of support. and the call is far off. Plus I already bagged the dividend, no biggie if the call sells.

EastMathematician102

With contango, almost all futures (save those with high carry costs) exhibit contango. This doesn’t necessarily lead to NAV erosion by itself: the question is how much contango is priced in and by how much this exceeds the risk free rate. If you buy $100 of BITO the fund buys $100 of Bitcoin futures on CME. But futures trade on margin and don’t involve any initial cash outlay, so the fund still has $100 to invest which is does in short term treasuries, say yield 4% annualized. The question is whether the loss on rolling the futures contract exceeds the 4% made on holding treasuries. And you need to see how much premium the back month future trades wrt the expiring future. My understanding is the premium has been very low recently, so there is likely not much NAV erosion (and could even be the other way). If you want to see when contracts get rolled over download the fund holdings for a month and see on what day the futures contracts change.

Unlucky-Clock5230

Basically it looks like the current batch of futures contracts they hold are dated 25/APR/2025. My understanding is that when those futures contract nears expiration, BITO sells them and use the proceeds to purchase a new contract with a later expiration date. What I'm wondering is: \- How far out from expiration do the contracts get rolled, and if it is a fixed date out or if it varies. \- What effect this rollover has on NAV, and in which way. That is as in when would contango kick in, what it does to volatility. \- Should I avoid straddling contracts across the rollovers?

LongevitySpinach

Question is above my pay grade, but I've liked wheeling BITO.

DavidMeridian

Yes, both spot ETFs and derivative/futures ETFs. My advice if you're going to go this route is to distribute your custodial risk among the spot ETFs. 'BITO' is a futures bitcoin ETF that aggressively distributes dividends based on price movements (note: more suitable for tax-favored accounts), so that is an option as well instead of or in addition to the spot ETFs.

SexualDeth5quad

I buy gold and silver ETFs for monthly income and to hedge against the markets. It is working out great. If the price of gold starts dropping unexpectedly I won't lose much. But if the price maintains it is steady income for years to come. $GLDI* $IGLD $SLVO* I do the same with BTC. $BITO $MSTY * These are ETNs and the divs aren't stable, but still getting high yields monthly.

bfreis

On BTC stuff? My significant positions on it right now are 50x Jan 2027 calls at the 100 strike, 150x covered calls on BITO June 2025 at the 22 strike, and a notional of 10 BTC in CME bitcoin futures. I'm very bullish on BTC long-term.

Spiritual-machine1

SCHD, SVOL, BITO if it can remain stable

Memeseek69

I have 1000 shares of bito with a similar thought process. MSTY pays more, but BITO seems less shady? I don’t know, maybe I’m overthinking that one.

cleptocurrently

!banbet BITO $20 2w

ThaSamuraiy

Shifting a good portion into $SGOV and $BITO. And slowly DCA into my other positions. Lot of uncertainty right now so playing it cool and adding to positions when the time is right and didn’t wanna lose a lot of my gains I’ve made.

cleptocurrently

I don’t know how long this insanely high dividend can last on BITO, but I’ll take it while I can.

spjones20

If you firmly believe Bitcoin will either retain or improve its value park some of it in BITO. It doesn't increase or decrease directly in line with bitcoin but it follows it (obviously). The 50% annual dividend yield it offers is the main attractor here, set it on auto-reinvest dividends and forget about it.

Jway_369

Call BITO 🥭loves BTC

Jway_369

BITO also gives dividends

cleptocurrently

I bought 20c leaps on BITO. Not sure, but I think playing leaps on a crypto futures etf might just be regarded enough to belong here.

Memeseek69

HOOD makes a lot of money from crypto trades. Some good ETFs around too Like BITO

dragonilly

I'm seeking knowledge from the wisest group of regards I've never met. While scoping for put options on crypto (🌽specifically) I noticed an odd trend-- for BITO, IBIT, and BITX there's a HUGE amount of open interest for puts on 3/21. Like huge, compared to other dates-- check for yourself.( eg. BITO $18p @ .65)Is there a crypto related event etc that's set to occur on 3/21? Why this date?

OkAnt7573

Lots of people write options against BITX or BITO etc, relevant for those that do.

OkAnt7573

Not if you write options against BITX or BITO etc

jarchack

Me too. I actually own some BITO, a bitcoin ETF with a 52% dividend yield but it's currently getting slaughtered along with the rest of the crypto market.

jarchack

I see you have some IBIT. I got out of crypto couple of years ago but recently picked up some BITO because of the insanely high dividend yield. Bitcoin is not as volatile as it used to be but it still isn't exactly smooth sailing. I do have it offset with SBIT is a hedge, so I won't lose any principal but I won't gain anything either. But it's worth it as long as they continue with the 50% dividend yield.

Spiritual-machine1

Fubo fnma and c3ai might have potential I have no idea what these stocks are. BITO and MSTY have been good lately and should continue

605_

Bro wish I had 110k. Can buy BITO and live off 5k/month dividends and you over here gambling. Make it make sense

MickeyMan_

BITO yield is about 4% per month; it tracks bitcoin price via bitcoin futures (bull or x1). The average historical volatility of BITO is about 50%, which is quite large. So, it's not stable, it does not have 10% yield/month, it's not based on options and it depends upon btc performance. Apart from that, you are right.

Spiritual-machine1

BITO seems stable. 10% monthly yield and it’s based on options but it doesn’t specify bull or bear so it doesn’t matter how Btc performs as l

OGPeakyblinders

Making money is the name of the game! I will take small wins consistently over a few big wins. Talk to any old head or someone who has been doing this for years, they all say the same thing. Buys a few index ETFs or mutual funds and dividend stocks. You know the play right now because it's been there all along. List is not all inclusive and just recommendations. VOO or SPY SCHD/DRGO MAIN QQQM or QQQ BITO/IBIT for some crypto exposure Turn on DRIP and DCA Buy on red days or sell cash secured puts on a strike you want to own. What's your goal and exit strategy! Write it down and stick to it.

itsmesri_84

Thanks for the response. I own BITO and my cost basis is low so with dividends every month, I am still in the green as far as cost goes. Probably I could sell CC on those. Will look at MARA next.

Unlucky-Clock5230

MARA has been very good to me. For a while I ended up sandbagging it because I got assigned and the price ran away from me. I switched from weeklies to monthlies for a while. BITO also did great for me until volatility went down a while back (little volatility little premium). This one is hilarious because BITO is a bitcoin options ETF; you are writing options on an options play... If you sell options on BITO watch out for their monthly distribution, you don't want to straddle those because it can crash the stock price after ex date and you could get both assigned and no dividend. As a matter of fact if I was holding BITO because it got assigned I didn't write covered calls during Ex date weeks, the dividends were good enough.

Blue_Raven_AZ

Calls on BITO, Puts on VOO 🤷🤦🤣

bananaspeaches69

BITO 👀👀🍌🍌

hetterosapien

BITO gives over 50% dividend monthly and move in step with BTC

bananaspeaches69

Kinda into ETFs like BITO nowadays. Nice monthly dividends tho.

Mean-Evidence-4056

Exactly, i also don't get all the other ETFs made besides BITO, wtf is the difference if all they do is buy & hold btc

bananaspeaches69

Kinda like crypto ETFs at the low. $BITO is one of them.

bananaspeaches69

BITO

alwaysonesided

FUCCCCCCCCCCK I just bought $10K of BITO today. But I sold 4 26C and bought 4 21P. Will I be OK?

exposed_anus

 look at the yearly chart BITO has gone down while BTC has reached ath. The only reason i still keep it is it gives a great dividend

FLGuitar

I think you made a good call and I hold the same sentiment. I liquidated my stocks for the most part but I didn’t just cash out. I put most of it in USFR that’s paying a pretty decent dividend rn. I also left some in BITO because I can see Musky and his Tech Bros driving coins further up, but I don’t want to own a coin. This gives a little exposure with a good return.

FLGuitar

They are turning the market into a MEME market. Up is down and nothing makes any logical sense. I put 90% of my holdings in USFR last week until the dust settles. Making little money, is better than loosing money. Still have 10% in BITO, for a little excitement.

rootcausetree

Rebalance at set intervals. For growth: 60% SPY 20% ZROZ 10% SGOV 10% IBIT Or for income: 60% XDTE 20% ZROZ 10% SGOV 10% BITO

ChuckzEight

Sorry very late posting but just joined reddit this week. BITO has been paying monthly dividends averaging $0.72/share the last 20 months. Thats 35% compounded annually.

Recent_Register_2952

Lil bit o BITO

TwoThreeSkidoo

JEPQ, XDTE, and possibly GPIX are the best combo I've found. JEPI seemed pretty lame actually, seemed like it was almost always mildly in the red, and the dividends weren't great. GPIX seemed a bit better in that it wasn't "always" red. QDTE has awful NAV erosion. BITO has an amazingly high dividend, but huge swings. I would almost just gamble with short puts, and if you get exercised, just keep it for the next dividend.

theinkdon

No, I never got into the xYLDs, though maybe I should. At the time I was looking at them it seemed like they were going down. But since late 2023 they've gone up pretty good (RYLD not so much), and 12% yields according to Yahoo Finance. I just discovered the [Yieldmax](https://www.yieldmaxetfs.com/our-etfs/) products a month ago, and those have *very* tasty monthly premiums (2 of them are weekly). But again I hesitate because I don't want to get good dividends just to watch the NAV go down more. ETFs: yes, and I should do them more, tbh. SMH, XLK, UNG, BITO, JETS, DGRO, FNGS, XLF are ones I'm currently in. Mostly with long Call LEAPS, but all with Calls sold against them. Somebody here, maybe it was u/VegaStoleYourTendies, convinced my by his posts to stop selling CSPs (something he wrote caught my eye, so I went and read all his posts). They have all the downside risk, and don't pay that well; something like that. So I stopped doing those and don't even have a group heading for them in ToS anymore, so I'm not tempted. And check out WMT, it's been just incredible for over a year.

thezenunderground

Typically today is day 1 of the Santa rall..So I hope so! Currently holding calls on: QQQ XLF BITO