YieldMax Bitcoin Option Income Strategy ETF (YBIT)

YBIT was created on 2024-04-22 by YieldMax. The fund's investment portfolio concentrates primarily on long btc, short usd currency. YBIT is a synthetic covered call strategy based on futures contracts against Bitcoin. The strategy aims to provide income in which gains are capped and losses are not. The actively managed fund uses both standardized exchange-traded and FLEX options.