YieldMax plans to launch a Bitcoin options income strategy ETF

YieldMax has submitted an application to the US SEC to launch a Bitcoin option income strategy ETF YBIT listed on the New York Stock Exchange, which will take effect on April 10, 2024. The ETF is based on a synthetic covered call strategy ETF for other spot Bitcoin ETFs. It seeks current income and exposure to the performance of TBD spot Bitcoin ETFs, and increases returns in the event of increased volatility of the underlying assets.