YieldMax applies to the SEC for a unique ETF, "Option Income Strategy ETF," targeting a 2024 launch, trading under the symbol "MSTY."
The ETF utilises a "synthetic covered call" strategy, involving call option purchases and put option sales to generate income.
Income from the ETF will be distributed monthly to investors, independent of MicroStrategy's share price fluctuations.
The company currently manages 18 ETFs focusing on major tech firms, with MicroStrategy's shares surging 290% since the beginning of the year.