Bitcoin Doesn’t Pay Dividends, So How Is This ETF Yielding 25%?

The ETF’s reported yield does not come from Bitcoin dividends; it is generated through an options-based strategy that sells calls tied to Bitcoin exposure and distributes the resulting premiums. The strategy can provide substantial cash payouts, but the yield is variable and may come at the cost of capped upside when Bitcoin rises sharply. A 25% headline yield should therefore not be mistaken for a guaranteed return or Bitcoin’s underlying yield.