BATS · Active · options-income

Amplify Bitcoin Max Income Covered Call ETF

Amplify Investments LLC

Weighted score · 2.70 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · — ROC

Expense Ratio

0.65% gross

1Y Return

vs underlying

Sharpe

Max DD -49.8%

The Amplify Bitcoin Max Income Covered Call ETF seeks to maximize current income through a covered call strategy tied to the investment exposure to the price return of bitcoin..

The Fund seeks exposure to the price return of bitcoin by investing in Bitcoin ETPs (spot or futures ETFs) and/or Bitcoin ETP Options, while simultaneously selling short-dated call options approximately 5% out-of-the-money with maturities of one week or less to generate option premium income. The Fund intends to sell call options covering 100% of its Bitcoin ETP price return exposure, fully capping upside beyond the strike price in exchange for premium income. Remaining assets are held in U.S. Treasuries and cash as collateral. A portion of the Fund's Bitcoin ETP exposure is held through a wholly-owned Cayman Islands subsidiary.

The Fund sells call options covering 100% of its Bitcoin ETP price return exposure at approximately 5% out-of-the-money with targeted maturities of one week or less, fully capping upside beyond the strike price. Synthetic long Bitcoin ETP exposure is established through combinations of purchased calls and sold puts (or in-the-money calls) on Bitcoin ETPs or the Bitcoin ETP Index. The Fund uses both traditional exchange-traded options and FLEX Options, all listed on regulated U.S. exchanges and guaranteed for settlement by the OCC.

NAV HISTORY · JUN '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

The Fund expects to make monthly distributions from call option premium income. Distributions may include return of capital if they exceed current and accumulated earnings and profits. Return of capital distributions reduce the shareholder's cost basis and are not immediately taxable, but result in higher capital gain or lower capital loss upon sale of shares.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bearish — 50-DMA below 200-DMA

Price $23.74 is below the 200-day SMA ($31.94); 50-day SMA $28.09. The 50-day SMA sits below the 200-day — an established downtrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.14% (tight). Average daily dollar volume ~$0.2M (thin). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)