Investment firm floats yield-bearing ETF based on MicroStrategy stock
Investment firm YieldMax has applied to launch an ETF allowing investors to earn monthly yields on MicroStrategy shares.
A specialized exchange-traded fund (ETF) firm, YieldMax, has filed to launch the first yield-bearing ETF product based on shares in Michael Saylor’s Bitcoin holding company, MicroStrategy.
According to a Dec. 7 filing with the United States Securities and Exchange Commission (SEC), YieldMax has officially applied to launch its Option Income Strategy ETF based on shares in MicroStrategy, slated for release sometime in 2024.
If approved by the SEC, the ETF will trade under the ticker “MSTY” — just one letter off MicroStrategy’s preexisting ticker “MSTR.”
