BTCY.TO Previous: $0.0640 → Current: $0.0430 Latest cut: -32.81% 📉 1-year distribution change: -49.41% ETHY.TO Previous: $0.0350 → Current: $0.0240 Latest cut: -31.43% 📉 1-year distribution change: -49.26% Here are two possible reasons: ⚠️ 1. Capped Upside Erases Rally Gains When crypto prices skyrocket, they smash past the strike prices of the call options these funds sold. This locks the funds out of the biggest breakout gains, preventing their underlying capital (NAV) from fully recovering while still leaving them exposed to past losses. 📉 2. Volatility Drop Shrinks Option Income The fund's "dividends" are fueled purely by options premiums, which rely on market panic and uncertainty. Once Bitcoin and Ethereum enter a steady, sustained upward rally, implied volatility collapses, drastically drying up the premium cash flow available to distribute to you.
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Kaiseraa Will@Whiteaaaaaaa · 1mo
I sold BTCY for a 25.00 capital gain and put it to bccc 😅 should of bought hhis at the time just to a small taste of crypto
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