Key stats
About Tidal Trust II YieldMax Bitcoin Option Income Strategy ETF
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Inception date
Apr 22, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
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
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Rights & Warrants
Bonds, Cash & Other100.00%
Government53.35%
Rights & Warrants45.00%
Cash1.40%
Mutual fund0.26%
Top 10 holdings
Dividends
Dividend payout history