According to Odaily Planet Daily, ETF issuer YieldMax has launched the Bitcoin Options Income Strategy ETF (NYSE Arca: YBIT). YBIT aims to obtain current returns by applying a comprehensive covered call option strategy on one or more U.S.-listed ETFs that track Bitcoin. The ETF is actively managed by ZEGA Financial. When choosing the underlying ETP for trading options, ZEGA mainly considers the following two key factors: giving priority to ETPs that directly hold physical or spot Bitcoin rather than ETPs that indirectly reference Bitcoin futures; and selecting underlying ETPs with sufficient options liquidity to support YBIT's trading activities. It is worth noting that YBIT does not invest directly in any Bitcoin ETP, does not invest directly in Bitcoin or any other digital assets, and does not invest in derivatives that track the performance of Bitcoin or other digital assets.