ETF Evaluator:
YieldMax Bitcoin Option Inc Strat ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Digital Assets Over the Last Year
| 1090.2% | Grayscale Zcash Trust (ZEC) (ZCSH) |
| 112.1% | ProShares UltraShort Bitcoin ETF (SBIT) |
| 35.7% | ProShares Short Ether ETF (SETH) |
| 12.3% | Simplify US Equity PLUS Bitcoin Stgy ETF (SPBC) |
| 10.8% | Proshares UltraShort Ether ETF (ETHD) |
Risk
Index
Risk
Index
ETF Details
YieldMax Bitcoin Option Inc Strat ETF Overview
YieldMax Bitcoin Option Inc Strat ETF (YBIT) is an actively managed Miscellaneous Digital Assets exchange-traded fund (ETF). YieldMax ETFs launched the ETF in 2024.
The investment seeks current income; the secondary objective being exposure to the share price of select exchange-traded products, subject to a limit on potential investment gains.
The fund is an actively managed ETF that seeks current income while providing indirect exposure to the share price of one or more select U.S.-listed ETPs that seek exposure to Bitcoin, which is a “cryptocurrency”, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. The fund is non-diversified.
About YieldMax Bitcoin Option Inc Strat ETF (YBIT)
There are 3 members of the management team with an average tenure of 1.04 years: Scott Snyder (2026), Jay Pestrichelli (2024) and Matt Brandt (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. YieldMax Bitcoin Option Inc Strat ETF has 15 securities in its portfolio. The top 10 holdings constitute 124.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
YieldMax Bitcoin Option Inc Strat ETF is part of the Other global asset class and is within the Miscellaneous ETF group. YieldMax Bitcoin Option Inc Strat ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 5.1% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 23.7% (23.7% domestic bond, 0.0% foreign bond and 0.0% convertible bond). YieldMax Bitcoin Option Inc Strat ETF has 71.0% of the portfolio in cash.
Assets Under Management
The fund has $44 million in total assets, which is below the $564 million average for the Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
YBIT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The YieldMax Bitcoin Option Inc Strat ETF expense ratio is high compared to funds in the Digital Assets category. YieldMax Bitcoin Option Inc Strat ETF has an expense ratio of 1.02%, which is 5% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. YieldMax Bitcoin Option Inc Strat ETF has a portfolio turnover rate of 29%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 82% for the Digital Assets category.
Recently, in the month of July 2026, YieldMax Bitcoin Option Inc Strat ETF returned 5.7%, which earned it a grade of C, as the Digital Assets category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
YieldMax Bitcoin Option Inc Strat ETF has a trailing yield of 35.73%, which is above the 15.12% category average.
The fund normally distributes its income weekly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
YieldMax Bitcoin Option Inc Strat ETF Grades
Year to date, the ETF has returned -26.1%, 4.7 percentage points better than the category, which translates into a grade of B. The fund has returned -41.7% over the past year (grade of B).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about YieldMax Bitcoin Option Inc Strat ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
YBIT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| YBIT Return (NAV) | 5.7% | -14.5% | -41.7% | na | na | na |
| YBIT Return (Price) | 5.7% | -14.8% | -41.9% | na | na | na |
| NAV +/- Price Return | -0.058% | 0.250% | 0.216% | na | na | na |
| Digital Assets Avg | 2.9% | -16.7% | -32.2% | 6.2% | -17.1% | 54.9% |
| YBIT Grade (NAV) | C | B | B | na | na | na |
| +/- Category (NAV) | 2.7% | 2.2% | -9.5% | na | na | na |
| YBIT Tax-Cost Ratio | na | na | 14.1% | na | na | na |
YBIT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| YBIT Return (NAV) | -26.1% | -1.6% | na | na | na | na | na | na | na | na | na |
| YBIT Return (Price) | -26.2% | -2.4% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.004% | 0.454% | na | na | na | na | na | na | na | na | na |
| Digital Assets Avg | -30.7% | -9.9% | 65.8% | 127.8% | -72.3% | 199.4% | 175.1% | 11.8% | -81.4% | 1391.4% | 119.9% |
| YBIT Grade (NAV) | B | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 4.7% | 8.2% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 35.7% |
| Total Assets: | $ 45 Mil |
| Share Class Assets: | $ 45 Mil |
| Turnover: | 29.0% |
| Expense Ratio: | 1.02% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.3 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Pestrichelli Jay (2024), Brandt Matt (2026), Snyder Scott (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 15 |
| % in Top 10 Holdings: | 124.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 5.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 23.7% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 71.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | YieldMax ETFs |
| Phone Number: | 866-864-3968 |
| Website: | |
| Inception Date: | April 22, 2024 |
Expenses and Fees
| Expense Ratio (%): | 1.02% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
