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Fund group YieldMax filed with the US Securities and Exchange Commission (SEC) to launch an Ether Option Income Strategy ETF on the New York Stock Exchange, Arca, according to a filing dated June 21, 2024. The move comes ahead of the anticipated launch of spot Ether ETFs in the US.
The ETF, using a synthetic covered call strategy, aims to capitalize on the volatility of underlying spot Ethereum ETFs for income generation. Spot Ether ETF holders can sell call options to earn additional income and manage risk.
According to the filing, the fund does not invest directly in Ethereum or any spot Ethereum ETF. It will be actively managed by Tidal Investments,…
