{"id":88027,"date":"2023-12-08T14:29:35","date_gmt":"2023-12-08T12:29:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88027"},"modified":"2025-09-13T15:29:10","modified_gmt":"2025-09-13T12:29:10","slug":"yieldmax-files-to-launch-microstrategy-stock-based-etf","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/yieldmax-files-to-launch-microstrategy-stock-based-etf\/","title":{"rendered":"YieldMax files to launch MicroStrategy stock-based ETF"},"content":{"rendered":"<p>Investment firm YieldMax<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1924868\/000183988223033172\/mstr-485apos_120723.htm\"> filed an application<\/a> to launch<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\"> ETF<\/a>. The Option Income Strategy product contemplates monthly payouts based on MicroStrategy shares.<\/p>\n<p>If approved, the instrument will trade under the ticker MSTY.<\/p>\n<p>The strategy underlying it\u2014<a href=\"https:\/\/www.investopedia.com\/trading\/options-strategies\/#toc-1-covered-call\">synthetic covered call<\/a>\u2014involves a combination of buying call options and selling put options to generate cash flow. The latter are distributed to ETF holders as monthly distributions.<\/p>\n<p>The product-generated yield is not directly tied to the growth of MicroStrategy&#8217;s stock. According to the statement, its holders can expect payments even if the underlying asset falls sharply.<\/p>\n<p>The ETF does not entail purchasing MicroStrategy shares, only derivatives based on them.<\/p>\n<p>To limit potential losses, MSTY&#8217;s upside is capped at 15% for the month.<\/p>\n<p>YieldMax offers a list of 18 similar ETF products based on shares of large tech companies such as Tesla, Apple and Nvidia.<\/p>\n<p>In 2020 MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">became the first<\/a> public company to invest part of its capital in bitcoin.<\/p>\n<p>According to <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>, as of writing the firm\u2019s \u201cpaper\u201d profit in the first cryptocurrency exceeds $2.3 billion. The company\u2019s 174,530 BTC holdings account for 85% of its market capitalization.<\/p>\n<p>As reported in late November, the company purchased an additional 16,130 BTC for about<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-more-bitcoin-for-593-3-million\"> ~$593.3 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment firm YieldMax filed to launch an ETF. The Option Income Strategy product provides for monthly payouts based on MicroStrategy shares.<\/p>\n","protected":false},"author":1,"featured_media":88028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,1207,1221],"class_list":["post-88027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-microstrategy","tag-stocks"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=88027"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88027\/revisions"}],"predecessor-version":[{"id":88029,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88027\/revisions\/88029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/88028"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=88027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=88027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=88027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}