BTC Yield is a BTC-denominated, open-ended strategy designed for long-term Bitcoin holders seeking income potential without actively trading the market. BTC Yield is among the first covered-call Bitcoin income products offered directly to both retail and institutional users by a major crypto exchange. Goldman Sachs has also filed to launch a Bitcoin yield product, underscoring continued demand for Bitcoin income strategies. Important information: As an options-based strategy, BTC Yield carries risks and is not principal protected. BTC Yield uses a strategy that may underperform holding BTC directly, including in periods of strong BTC price appreciation.