YieldMax Introduces FIAT ETF to Hedge Against Coinbase

Quick Summary:

This fund aims to provide short exposure to the share price of Coinbase Global Inc., the predominant cryptocurrency exchange in the United States.

YieldMax has revealed that it will be releasing its new Exchange-Traded Fund, the FIAT ETF, on NYSE Arca.

The FIAT ETF is designed to capitalize on Coinbase’s stock decline while also generating passive monthly income.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaUnited States

Topics: Coinbase (COIN) 24/7 Cryptocurrency News Ether ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 23:13:43 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21559155

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 10 hours ago

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