Roundhill Files for SEC Approval of Ethereum-Based Covered Call ETF (YETH)
CryptoNewsTerminal Staff03 Jun, 2024
Roundhill Files for SEC Approval of Ethereum-Based Covered Call ETF (YETH)
Roundhill Investments, a prominent U.S. investment firm, has submitted an application to the Securities and Exchange Commission (SEC) for the launch of an Ethereum (ETH)-based covered call strategy ETF, which will trade under the ticker symbol YETH. A covered call strategy combines buying the underlying asset with simultaneously selling a call option, using the proceeds from the option sale to generate income that can be distributed as dividends.
