- YieldMax files for launching a Bitcoin Options Income Strategy ETF (YBIT).
- The ETF intends to seek current income and exposure to specific exchange-traded products (ETP).
- YBIT involves a synthetic covered call strategy ETF, distinct from the traditional covered call strategy.
The financial firm YieldMax has reportedly submitted an application to the Securities and Exchange Commission (SEC) to launch a Bitcoin options income strategy ETF (YBIT) on the New York Stock Exchange. As per the Chinese reporter Colin Wu, YieldMax’s recent move involves a “synthetic covered call strategy ETF based on other spot Bitcoin ETFs.”
YieldMax has submitted an application to the U.S. SEC and plans to launch a Bitcoin options income strategy ETF (YBIT) listed on the New York Stock Exchange. This ETF is a synthetic covered call strategy ETF based on other spot Bitcoin ETFs.https://t.co/jIhqwNg0zc— Wu Blockchain (@WuBlockchain) January 29, 2024
According to the registration statement, the company primarily intends to seek current income through the YBIT. Moreover, YieldMax views seeking exposure to specific exchange-traded products (ETP), envisioning potential investmen…
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