Asset management company YieldMax has applied to the SEC to establish a Bitcoin ETF.
According to the company’s application to the SEC YBIT coded fund From Bitcoin options It is planned to generate returns. The fund also has other Bitcoin-related funds. stock market investment products is expected to invest.
Pending approval from the Securities and Exchange Commission (SEC), the company requests that the fund be traded on the New York Stock Exchange.
In total under management $1.32 billion The company, which has assets worth As volatility increases aims to provide more returns.
Last month, YieldMax started working on a different fund that would provide returns on MicroStrategy’s shares.