Traditional covered call ETFs have historically given up a significant amount of total returns in exchange for high levels of income. If a monthly covered call ETF's underlying stocks rally through the strike price of the sold option early in the month, the fund can't provide any further gains for the rest of the month. As 2025 draws to a close, investors and advisors will be considering their tax-loss harvesting opportunities. By selling some investments at a loss, those investors can reduce their overall ...

Group 1 - Gold is reaching new record high prices, while Bitcoin is struggling to surpass $100,000 but is gaining mainstream adoption, both generating income within some exchange-traded funds [1] - Investors are seeking exposure to alternative assets that do not correlate with stocks and bonds, especially as stocks are at record prices and returns are concentrated in a few mega-cap tech stocks [2] - Despite reduced confidence in bonds, investors still desire steady income distributions associated with fixed-income, leading to the attachment of income overlays to non-yielding alternatives like gold and Bitcoin [3] Group 2 - Gold serves as a hedge against volatility in equity and bond markets, while Bitcoin offers rewarding opportunities, with covered call strategies gaining popularity for income generation [4] - BlackRock, the world's largest asset manager, has filed for a Bitcoin premium income ETF, indicating Wall Street's belief in this income-generating approach [5] - Simplify Asset Management has pioneered this strategy with its Simplify Gold Strategy Plus Income ETF and Simplify Bitcoin Strategy PLUS Income ETF, which provide exposure to gold or Bitcoin futures along with an options strategy for income [5]