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Amplify Bitcoin Max Income Covered Call ETF (BAGY)
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Upturn Advisory Summary
08/14/2025: BAGY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 6.83% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 47.21 - 55.83 | Updated Date 06/6/2025 |
52 Weeks Range 47.21 - 55.83 | Updated Date 06/6/2025 |
Upturn AI SWOT
Amplify Bitcoin Max Income Covered Call ETF
ETF Overview
Overview
The Amplify Bitcoin Max Income Covered Call ETF (IBIT) aims to provide current income while offering exposure to Bitcoin. It employs a covered call strategy on Bitcoin holdings to generate income. It invests primarily in Bitcoin and uses covered calls on its holdings to enhance yield.
Reputation and Reliability
Amplify ETFs is a relatively newer issuer but gaining traction with innovative ETF products. They are known for their thematic and alternative investment strategies.
Management Expertise
Amplify ETFs' management team possesses experience in developing and managing various types of ETFs, including those with options strategies.
Investment Objective
Goal
To generate current income and provide exposure to Bitcoin.
Investment Approach and Strategy
Strategy: It does not track an index. Instead, it actively manages the covered call strategy on its Bitcoin holdings.
Composition The ETF primarily holds Bitcoin and generates income through selling covered call options.
Market Position
Market Share: Insufficient data is available to provide market share for IBIT due to its unique strategy.
Total Net Assets (AUM): 11672522
Competitors
Key Competitors
- CONY
- DEFY
Competitive Landscape
The covered call Bitcoin ETF landscape is still developing. IBIT competes with other income-generating cryptocurrency strategies. IBIT focuses on maximizing income from Bitcoin holdings through covered calls, making it suitable for income-seeking investors willing to accept limited upside potential. Competitors may offer different risk/reward profiles.
Financial Performance
Historical Performance: Historical performance data is limited due to the ETF's recent inception. Performance will largely depend on Bitcoin's price movements and the effectiveness of the covered call strategy.
Benchmark Comparison: A direct benchmark comparison is difficult since the fund actively manages its covered call strategy. Bitcoin's price can be used as a reference point.
Expense Ratio: 1.5
Liquidity
Average Trading Volume
Average trading volume is currently low, which could impact ease of entry and exit from positions.
Bid-Ask Spread
The bid-ask spread can be relatively wide, especially during periods of high volatility, leading to higher transaction costs.
Market Dynamics
Market Environment Factors
Bitcoin's price volatility, regulatory developments in the cryptocurrency space, and overall market sentiment towards cryptocurrencies significantly impact IBIT's performance.
Growth Trajectory
The growth trajectory is closely tied to the adoption and acceptance of Bitcoin, as well as the fund's ability to generate income through its covered call strategy.
Moat and Competitive Advantages
Competitive Edge
IBIT's competitive advantage lies in its focus on generating high income from Bitcoin through a covered call strategy. This differentiates it from other Bitcoin ETFs that primarily focus on price appreciation. It provides a unique offering for investors seeking both exposure to Bitcoin and current income. The success of the strategy depends on the expertise in options trading and Bitcoin market analysis.
Risk Analysis
Volatility
The ETF is expected to exhibit high volatility due to its exposure to Bitcoin.
Market Risk
Market risks include Bitcoin price fluctuations, regulatory changes, cybersecurity threats, and potential loss of principal.
Investor Profile
Ideal Investor Profile
IBIT is suitable for income-seeking investors with a high risk tolerance who are comfortable with Bitcoin's volatility and willing to potentially forgo some upside potential in exchange for income.
Market Risk
It is best suited for active traders or those with a shorter-term investment horizon who prioritize income generation.
Summary
The Amplify Bitcoin Max Income Covered Call ETF (IBIT) offers a unique approach to cryptocurrency investing by aiming to provide current income through a covered call strategy on Bitcoin. This approach comes with inherent risks related to Bitcoin's volatility and the potential for limited upside participation. The ETF is best suited for risk-tolerant investors seeking income generation from their Bitcoin holdings. Investors should carefully consider their investment objectives and risk tolerance before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Amplify ETFs Website
- Yahoo Finance
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investing in ETFs involves risk, including the potential loss of principal.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Amplify Bitcoin Max Income Covered Call ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that provide exposure to the Bitcoin Price. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.