YieldMax Bitcoin Option Income Strategy ETF (YBIT) Stock Price, Quote, News & History | Benzinga

The Fund is an actively managed exchange-traded fund that seeks current income while providing indirect exposure to the share price of one or more select U.S.-listed exchange-traded products that seek exposure to Bitcoin, which is a cryptocurrency, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. Although Bitcoin may be referred to as a cryptocurrency it is not yet widely accepted as a means of payment. The Fund uses a synthetic covered call strategy that is designed to provide income and indirect exposure to the share price returns of one or more Underlying ETPs. In addition, the strategy is designed to produce higher income levels when the Underlying ETP experiences or Underlying ETPs experience, as applicable, more volatility.