Tidal Trust II YieldMax Bitcoin Option Income Strategy ETFTidal Trust II YieldMax Bitcoin Option Income Strategy ETFTidal Trust II YieldMax Bitcoin Option Income Strategy ETF

Tidal Trust II YieldMax Bitcoin Option Income Strategy ETF

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Key stats


Assets under management (AUM)
‪99.14 M‬USD
Fund flows (1Y)
‪115.35 M‬USD
Dividend yield (indicated)
86.53%
Discount/Premium to NAV
−0.10%

About Tidal Trust II YieldMax Bitcoin Option Income Strategy ETF


Issuer
Toroso Investments Topco LLC
Brand
YieldMax
Expense ratio
0.99%
Inception date
Apr 22, 2024
Index tracked
No Underlying Index
Management style
Active
YBIT aims to generate monthly income while providing exposure to the performance of US-listed ETF(s) with direct or synthetic exposure to Bitcoin. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of the underlying Bitcoin ETFs by purchasing and selling at-the-money calls and puts with one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price approximately 0%-15% above the underlying ETF's current share price. This limits participation in potential gains if the ETF shares increase in value above the cap. Note: the fund does not invest directly in Bitcoin ETFs. Thus, investors are not entitled to any ETF distributions.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Bitcoin, short USD
Niche
Derivative
Strategy
Buy-write
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Rights & Warrants
Bonds, Cash & Other100.00%
Government53.03%
Rights & Warrants44.79%
Mutual fund1.57%
Cash0.61%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
SellBuy
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Summary
Neutral
SellBuy
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Summary
Neutral
SellBuy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.