YieldMax seeks SEC approval for MSTY ETF focusing on 2024 launch

WASHINGTON – YieldMax has formally filed an software with the U.S. Securities and Change Fee (SEC) for a brand new exchange-traded fund (ETF), the MSTY ETF, with plans to debut in 2024. The proposed fund is designed to draw conservative buyers by providing month-to-month earnings by means of an artificial coated name technique on MicroStrategy (NASDAQ:MSTR) derivatives, whereas capping month-to-month name choice beneficial properties at 15%.

The revolutionary strategy of the MSTY ETF permits buyers to learn from market actions with out the necessity to immediately personal shares of MicroStrategy. This technique goals to supply regular returns even amid market fluctuations, because the month-to-month yield for buyers is structured to be secure and never immediately tied to MicroStrategy’s share efficiency.

MicroStrategy has been within the highlight as a result of its aggressive funding in . On November 30, Michael Saylor, CEO of MicroStrategy, introduced the corporate’s buy of a further 16,130 bitcoins at a mean value of $36,785 every. With this acquisition, MicroStrategy’s whole bitcoin holdings have reached roughly 174,530 BTC, valued round $7.6 billion.

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