ETF issuer YieldMax has announced the launch of YieldMax™ MARA Option Income Strategy ETF (NYSE stock code: MARO) on the New York Stock Exchange, which is based on a bitcoin mining company called MARA. The ETF seeks to generate income through option-based strategies on MARA, but does not directly invest in MARA. Its first distribution is expected to be announced on January 2, 2025. YieldMax has previously launched a bitcoin option income strategy ETF called YBIT and a short-selling Coinbase stock option strategy ETF.