Investment firm floats yield-bearing ETF based on MicroStrategy stock
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A specialized exchange-traded fund (ETF) firm called YieldMax has filed to launch the first yield-bearing ETF product based on shares in Michael Saylor’s Bitcoin holding company, MicroStrategy.
According to a Dec. 7
MicroStrategy shareholders have witnessed their fair share of outsized gains this year, with the prices of the company’s shares growing more than 290% since Jan. 1, per TradingView data.
On Nov. 30, MicroStrategy co-founder Michael Saylor announced that the company acquired an additional 16,130 BTC for roughly $593.3 million, an average price of $36,785 per Bitcoin.
As of Nov. 29, MicroStrategy holds some 174,530 BTC — worth roughly $7.6 billion at the time of publication.
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