On December 8th, according to CoinDesk, a professional ETF company, YieldMax, has submitted documents to the U.S. Securities and Exchange Commission (SEC) to apply for the first income-based ETF product based on MicroStrategy stock, which is expected to be launched in 2024.

If approved by the SEC, the ETF will be traded on the stock market under the code "MSTY", which differs from MicroStrategy's existing code "MSTR" by only one letter.