YieldMax plans to launch a Bitcoin options income strategy ETF

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