- 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.”
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…
The post YieldMax Proposes To Launch Bitcoin Option Income Strategy ETF (YBIT) appeared first on Coin Edition.
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