BPI seeks current income while gaining indirect exposure to the performance of Bitcoin-linked exchange-traded products through options. The fund primarily employs a synthetic covered call strategy that avoids direct investment in Bitcoin, instead focusing on derivatives related to Bitcoin ETPs. By investing in traditional exchange-traded options contracts, BPI replicates price movements of these ETPs through a combination of call and put options. It generates income by writing deep out-of-the-money call options, which may limit potential gains if prices of the ETPs increase significantly. The fund utilizes a wholly owned subsidiary based in the Cayman Islands to facilitate tax efficiencies while maintaining exposure. Additionally, BPI invests in short-term US Treasury securities for collateral and may use reverse repurchase agreements to manage its exposure levels. Monthly distributions are planned, contributing to the fund's structured approach to income generation.