DFII采用期权策略来建立收入并获得比特币价格收益

这是通过弹性选项和非处方选项等组合来完成的。这些选项传统上使用比特币ETP或ETP索引作为其参考资产。

First Trust II: Bitcoin, Partial Covered Call

第一信任II：比特币，部分覆盖的电话

First Trust (NASDAQ: FDT ) II: Bitcoin (DFII B-) is an interesting new ETF that seeks to provide exposure to the price total return of bitcoin, and it does so via an options strategy.

First Trust（NASDAQ：FDT）II：比特币（DFII B-）是一个有趣的新ETF，旨在提供比特币价格总回报的敞口，并且通过选项策略来实现。

The fund is tracking the performance of the Optimum Yield Diversified Institutional Index, and it does so through a mix of FLEX Options, over-the-counter options and other instruments. These options typically use bitcoin ETPs or ETP indexes as their reference assets.

该基金正在跟踪最佳产量多元化机构指数的性能，并通过弹性选项，非处方选项和其他工具的混合来实现。这些选项通常使用比特币ETP或ETP索引作为其参考资产。

To help further bolster the fund’s overall income, First Trust is also looking to employ a partial covered call strategy with DFII. This strategy will see the fund selling call options either at-the-money or at the approximate value at the time of the fund’s inception.

为了帮助进一步加强基金的总收入，第一信托也希望通过DFII采用部分涵盖的呼叫策略。该策略将在基金成立时看到基金出售拨打选项或以大约价值出售。

While these options strategies may limit DFII’s ability to fully engage in any bitcoin price rallies, they do offer a number of other benefits. Along with income potential, a strong options overlay can help a portfolio achieve a more attractive risk profile.

尽管这些选项策略可能会限制DFII充分参与任何比特币价格集会的能力，但它们确实提供了许多其他好处。随着收入潜力，强大的选择覆盖可以帮助投资组合获得更具吸引力的风险状况。

This could be particularly useful for a volatile asset like bitcoin. A final point to consider is that DFII comes online at a moment in which interest is building over both cryptocurrency and options strategies.

这对于像比特币这样的挥发性资产特别有用。要考虑的最后一点是，DFII在对加密货币和期权策略既利益的时刻都在线。

Given the turbulent nature of the U.S. market, some advisors and investors are turning to covered call and other options-based strategies as an alternative method for building income.

鉴于美国市场的动荡本质，一些顾问和投资者正在转向涵盖的呼叫和其他基于期权的策略，作为建立收入的替代方法。

At the same time, the price performance of bitcoin remains a highly debated topic within the investment community. Some advisors believe that the cryptocurrency could return to all-time highs in the coming years, while others are less optimistic.

同时，比特币的价格绩效仍然是投资界的高度争议的话题。一些顾问认为，在未来几年中，加密货币可能会恢复到历史最高水平，而另一些则不太乐观。

However, advisors and investors willing to bet on bitcoin in 2025 could very well see significant income down the line, especially if the cryptocurrency manages to rally to new all-time highs.

但是，愿意在2025年押注比特币的顾问和投资者很可能会看到巨大的收入，尤其是如果加密货币设法升级到新的历史最高点。

First Trust

第一个信任

With over 30 ETFs listed in the United States, First Trust offers a number of compelling products for the investment community. This includes the timely FT Vest U.S. Equity Buffer ETF – April (FAPR B-), which has over $700 million in assets under management.

在美国列出了30多个ETF，First Trust为投资界提供了许多引人入胜的产品。这包括及时的FT列出美国股权缓冲ETF - 4月（FAPR B-），该资产管理的资产超过7亿美元。

The ETF provides downside risk protection to the S\&P 500 Index (Index: ^GSPC) with unleveraged price exposure. It is designed to buffer the investment from the first 10% of price depreciation and attempts to track the S\&P 500 Index’s total return performance.

ETF为S \＆P 500指数（索引： ^GSPC）提供了下行风险保护，并提供了未持续的价格。它旨在缓冲投资从价格折旧的前10％，并试图跟踪S \＆P 500指数的总回报绩效。

Moreover, if the S\&P 500 Index declines by 10% or less at the final observation on March 30, 2024, the ETF endeavors to return the capital invested in the ETF, less applicable fees and expenses.

此外，如果S \＆P 500指数在2024年3月30日的最终观察中下降了10％或更少，则ETF努力返回投资于ETF的资本，较少适用的费用和支出。

If the S\&P 500 Index depreciates by more than 10%, the ETF aims to return a portion of the Index’s return, limited to a maximum loss of 9% of the capital invested in the ETF, less applicable fees and expenses.

如果S \＆P 500指数贬值超过10％，则ETF的目标是返回指数回报的一部分，最大损失的资本占ETF的9％的损失，适用的费用和费用较少。

The post First Trust II: Bitcoin, Partial Covered Call appeared first on ETF Thoughts.

帖子第一信托II：比特币，部分覆盖的呼叫首先出现在ETF思想上。

The post First Trust II: Bitcoin, Partial Covered Call appeared first on ETF Thoughts.

帖子第一信托II：比特币，部分覆盖的呼叫首先出现在ETF思想上。