YieldMax has applied to the US SEC to launch the first yield-oriented ETF product based on MicroStrategy stock.

BlockBeats News, December 8th - According to CoinDesk, professional ETF company YieldMax has submitted documents to the U.S. Securities and Exchange Commission (SEC) to launch the first profit-oriented ETF product based on MicroStrategy stock. The launch is planned for sometime in 2024. If approved by the SEC, the ETF will be traded on the stock market under the code "MSTY", which differs from MicroStrategy's existing code "MSTR" by only one letter.