ETF Sees Modest Outflows Amid Bitcoin Rally
The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) experienced a modest pullback on September 11, with net outflows of $533,610. This represents about 0.39% of its total assets under management, which stand at $136.1 million.
The move is seen as profit-taking by investors who are reassessing their covered-call exposure after Bitcoin's latest rally. The related asset, BTC-USD, has been on a tear, trading at $77,336.02 and up roughly 21.67% over the past three months.
Despite the outflows from YBTC, the short-term technical picture for Bitcoin remains constructive, with a one-day signal flashing 'Buy' and underscoring ongoing bullish momentum in the underlying crypto market.