ChainCatcher news, ETF issuer YieldMax announced the launch of the YieldMax™ MARA Option Income Strategy ETF (NYSE ticker: MARO) on the New York Stock Exchange, which is based on the Bitcoin mining company MARA. This ETF seeks to generate income through the implementation of option-based strategies on MARA, without directly investing in MARA.Its first distribution is expected to be announced on January 2, 2025. YieldMax has previously launched the Bitcoin Option Income Strategy ETF YBIT and the short Coinbase stock option strategy ETF.

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas stated that YieldMax has launched a short Coinbase stock options strategy ETF (YieldMax Short COIN Option Income Strategy ETF, Ticker: $FIAT). This ETF takes a bearish position on $COIN by going long on put options and shorting call options, while also shorting put options to enhance income.

ChainCatcher news, ETF issuer YieldMax has announced the launch of the YieldMax Bitcoin Options Income Strategy ETF (NYSE Arca: YBIT).YBIT aims to generate current income by employing a synthetic covered call options strategy on one or more U.S.-listed ETFs that track Bitcoin. The ETF is actively managed by ZEGA Financial.When selecting the underlying ETFs for trading options, ZEGA primarily considers two key factors: a preference for ETFs that directly hold physical or spot Bitcoin rather than those that indirectly reference Bitcoin futures; and the selection of underlying ETFs with sufficient options liquidity to support YBIT's trading activities.It is noteworthy that YBIT does not directly invest in any Bitcoin ETFs, nor does it directly invest in Bitcoin or any other digital assets, let alone derivatives that track the performance of Bitcoin or other digital assets. Investors seeking direct exposure to Bitcoin prices should consider other investments outside of YBIT.Reportedly, YBIT is the latest member of the YieldMax ETF product line. Like all YieldMax ETFs, YBIT aims to provide current income to investors.

ChainCatcher news, according to official SEC documents, YieldMax has submitted an application to the U.S. SEC to launch a Bitcoin options income strategy ETF (YBIT) listed on the New York Stock Exchange.It is reported that this ETF is based on a synthetic covered call strategy ETF of other spot Bitcoin ETFs, with the primary investment objective of seeking current income and exposure to the performance of TBD spot Bitcoin ETFs, while increasing returns in the event of increased volatility of the underlying asset. The secondary investment objective of this fund is to invest in the prices of selected ETF products with limited potential investment returns.

ChainCatcher news, according to CoinDesk, an ETF company YieldMax has filed documents with the U.S. Securities and Exchange Commission (SEC) to launch the first income-generating ETF product based on MicroStrategy stock, planned for release in 2024.If approved by the SEC, the ETF will trade on the stock market under the code "MSTY," differing by just one letter from MicroStrategy's existing code "MSTR."

ChainCatcher news, according to Cointelegraph, a company named YieldMax has applied to launch the first income ETF product based on the Bitcoin holdings of Michael Saylor's company MicroStrategy. According to the application documents submitted to the U.S. Securities and Exchange Commission (SEC) yesterday, the options income strategy ETF based on MicroStrategy stock is planned to be released sometime in 2024.If approved by the SEC, the ETF will trade under the ticker symbol "MSTY," which is only one letter different from MicroStrategy's existing ticker symbol "MSTR." YieldMax's pending ETF employs a "comprehensive covered call" strategy, which includes buying call options and selling put options to generate income. These earnings will be distributed as monthly payments to holders of the MSTY ETF.It is noteworthy that the ETF will never hold any spot shares of MicroStrategy, but will only generate income through trading MSTR derivatives. To limit potential losses, the fund will cap the monthly upside risk of the call options at 15%. The monthly yield generated by the ETF does not directly depend on the growth of MicroStrategy stock, meaning that even if MicroStrategy stock suffers significant setbacks, investors will still receive the yield from the ETF.