WASHINGTON – YieldMax has officially filed with the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF), MSTY ETF, with plans to launch in 2024. The proposed fund is designed to attract conservative investors by providing monthly income through a synthetic covered call strategy on MicroStrategy (NASDAQ: MSTR) derivatives, while limiting rights upside Choose to buy monthly at 15%.
The MSTY ETF’s innovative approach allows investors to benefit from market fluctuations without having to directly own MicroStrategy shares. The strategy aims to deliver steady returns even amid market volatility, as monthly returns to investors are structured to be stable and not directly tied to MicroStrategy’s stock performance. .
MicroStrategy has been in the spotlight due to its active investment in Bitcoin. On November 30, Michael Saylor, CEO of MicroStrategy, announced the company purchased an additional 16,130 bitcoins at an average price of $36,785 per bitcoin. With this acquisition, MicroStrategy’s total bitcoin holdings have reached approximately 174,530 BTC, worth approximately $7.6 billion.
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