An ETF issuer is prepping a new way for investors to get exposure to the stock price of the largest publicly traded holder of bitcoin.
MicroStrategy, founded by bitcoin proponent Michael Saylor, currently holds 174,530 bitcoins. The company most recently revealed buying 16,130 BTC between Nov. 1 and Nov. 29.
Fund group YieldMax seeks to generate monthly income by selling and writing call options on single company stocks. The firm first proposed the YieldMax MSTR Option Income Strategy ETF (MSTY) earlier this year. It already has similar funds focused on Tesla, Coinbase, Amazon, Google and others.
“Because they are such volatile stocks, writing call options on TSLA and COIN…
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