Specialized ETF firm YieldMax is planning to launch the first yield-bearing ETF product based on MicroStrategy (NASDAQ: MSTR) shares. What Happened: Michael Saylor’s Bitcoin holding company has officially applied with the U.S. Securities and Exchange Commission to launch its Option Income Strategy ETF for release sometime in 2024. On approval, the ETF will trade under the ticker “MSTY.” The ETF uses a “synthetic covered call” strategy, which involves a mix of buying call options and selling put options to earn revenue. These proceeds are distributed to holders of the MSTY ETF as monthly payout…

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