YieldMax targets Bitcoin proxy MicroStrategy with covered call ETC

HANetf rolls out the US firm's second European-listed ETC, which targets monthly income from call options on the software company.

HANef rolls out YieldMax’s BTC proxy, MicroStrategy, covered call ETC

The product aims to generate monthly income by writing covered call options on the enterprise software company’s stock.

HANetf has launched a new exchange-traded product (ETC) from YieldMax, focusing on generating income from covered call options on MicroStrategy.

The YieldMax MSTR Option Income ETC (MSTY) is now available on the Deutsche Boerse, aiming to provide investors with an efficient way to gain exposure to a strategy designed to generate high monthly income.

The ETC will be tracking the performance of the Global Optimum Minimum Variance MSTR Covered Call Index, focusing on generating income by writing covered call options on MicroStrategy Inc (Nasdaq:MSTR) - enterprise software company and a prominent Bitcoin (BTC) holder.

This product builds upon HANetf’s existing partnership with YieldMax, previously seen in the launch of the YieldMax Tech Monsternet US хедж-фонд имени.

The ETC is also designed to provide efficient capital gains potential as the covered call options strategy is employed during periods of potential stock price appreciation, potentially amplifying returns.

Moreover, the ETC aims to offer low management fees and high capital efficiency, making it suitable for investors seeking an optimized investment vehicle.

“We are excited to expand our partnership with HANetf to launch the YieldMax MSTR Option Income ETC,” said Ben Shapes, CEO and co-founder of YieldMax.

“This innovative ETC provides investors with a unique way to gain exposure to MicroStrategy, a company that has become a key holding for those seeking indirect Bitcoin exposure, while also generating monthly income and potentially capital gains.”

The ETC is also designed to provide efficient capital gains potential as the covered call options strategy is employed during periods of potential stock price appreciation, potentially amplifying returns.

Moreover, the ETC aims to offer low management fees and high capital efficiency, making it suitable for investors seeking an optimized investment vehicle.

“We are pleased to continue our partnership with HANetf in bringing this ETC to European investors,” Shapes added.

The partnership with HANetf will enable YieldMax to introduce its products to a wider audience in the European market.