YieldMax recordsdata for Ether Possibility Technique ETF forward of Ether ETF launch

Fund group YieldMax filed with the US Securities and Alternate Fee (SEC) to launch an Ether Possibility Earnings Technique ETF on the New York Inventory Alternate, Arca, in keeping with a submitting dated June 21, 2024. The transfer comes forward of the anticipated launch of spot Ether ETFs within the US.

The ETF, utilizing an artificial coated name technique, goals to capitalize on the volatility of underlying spot Ethereum ETFs for earnings technology. Spot Ether ETF holders can promote name choices to earn further earnings and handle danger.

In accordance with the submitting, the fund doesn’t make investments immediately in Ethereum or any spot Ethereum ETF. It will likely be actively managed by Tidal Investments, with sub-advisory companies offered by ZEGA Monetary, an SEC-registered funding advisor and supervisor specializing in derivatives-based investing.

YieldMax provides a variety of ETFs, every targeted on a particular underlying safety or asset. The YieldMax ETFs make use of an artificial coated name technique, promoting name possibility contracts on underlying securities to generate earnings from possibility premiums. Notable examples embrace ETFs for Tesla (TSLY), Apple (APLY), and Amazon (AMZY).

The most recent submitting follows YieldMax’s launch of the Bitcoin Possibility Yield Technique ETF (YBIT) final yr. The fund is listed on NYSE Arca and has an expense ratio of 0.99%.