Financial firm YieldMax has submitted an application to the United States Securities and Exchange Commission (SEC) to launch a Bitcoin Options Income strategy ETF (YBIT).
The proposed ETF utilizes a synthetic covered call strategy for income and indirect exposure to Bitcoin ETPs.
YieldMax Seeks SEC Nod
If approved, YieldMax’s application could be listed on the New York Stock Exchange around the 10th of April, 2024. In the application, YieldMax proposed that the fund enables the generation of current income while offering indirect exposure to the price returns of select US-listed exchange-traded products (ETPs) seeking exposure to Bitcoin. According to blockchain reporter Colin Wu, YieldMax proposes 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
We współpracy z: https://cryptodaily.co.uk/2024/01/yieldmax-files-application-for-bitcoin-option-income-strategy-etf
