YieldMax seeks SEC approval for MSTY ETF targeting 2024 launch By Investing.com
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WASHINGTON – YieldMax has officially filed an application with the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF), the MSTY ETF, with plans to debut in 2024. The proposed fund is designed to attract conservative investors by offering monthly income through a synthetic covered call strategy on MicroStrategy (NASDAQ:MSTR) derivatives, while capping monthly call option gains at 15%.
The innovative approach of the MSTY ETF allows investors to benefit from market movements without the need to directly own shares of MicroStrategy. This strategy aims to provide steady returns even amid market fluctuations, as the monthly yield for investors is structured to be stable and not directly tied to MicroStrategy’s share performance.
MicroStrategy has been in the spotlight due to its aggressive investment in . On November 30, Michael Saylor, CEO of MicroStrategy, announced the company’s purchase of an additional 16,130 bitcoins at an average price of $36,785 each. With this acquisition, MicroStrategy’s total bitcoin holdings have reached approximately 174,530 BTC, valued around $7.6 billion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Shutterstock
WASHINGTON – YieldMax has officially filed an application with the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF), the MSTY ETF, with plans to debut in 2024. The proposed fund is designed to attract conservative investors by offering monthly income through a synthetic covered call strategy on MicroStrategy (NASDAQ:MSTR) derivatives, while capping monthly call option gains at 15%.
The innovative approach of the MSTY ETF allows investors to benefit from market movements without the need to directly own shares of MicroStrategy. This strategy aims to provide steady returns even amid market fluctuations, as the monthly yield for investors is structured to be stable and not directly tied to MicroStrategy’s share performance.
MicroStrategy has been in the spotlight due to its aggressive investment in . On November 30, Michael Saylor, CEO of MicroStrategy, announced the company’s purchase of an additional 16,130 bitcoins at an average price of $36,785 each. With this acquisition, MicroStrategy’s total bitcoin holdings have reached approximately 174,530 BTC, valued around $7.6 billion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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