|
On January 29, according to official SEC documents, YieldMax has submitted an application to the U.S. SEC to launch a Bitcoin options yield strategy ETF (YBIT) listed on the New York Stock Exchange. The ETF is based on a synthetic covered call strategy ETF for other spot Bitcoin ETFs, with the primary investment objective of seeking current income and exposure to the performance of the TBD spot Bitcoin ETF, aiming to enhance returns in the event of increased volatility in the underlying asset. The secondary investment objective of this fund is to invest in the prices of selected ETF products when the potential investment returns are limited. |
|