YieldMax applies to the U.S. SEC to launch an income-generating ETF product based on MicroStrategy stock

ChainCatcher news, according to CoinDesk, an ETF company YieldMax has filed documents with the U.S. Securities and Exchange Commission (SEC) to launch the first income-generating ETF product based on MicroStrategy stock, planned for release in 2024.

If approved by the SEC, the ETF will trade on the stock market under the code "MSTY," differing by just one letter from MicroStrategy's existing code "MSTR."