The Roundhill MSTR WeeklyPay ETF (MSTW) is an exchange-traded fund designed to generate income through options strategies linked to the shares of MicroStrategy Incorporated (MSTR). The ETF is managed by Roundhill Investments and trades under the ticker MSTW on the Cboe BZX Exchange.

Classified as an options-income ETF, the fund combines indirect exposure to MicroStrategy stock with options strategies designed to generate recurring cash flow. Its objective is to provide weekly income distributions while maintaining partial participation in the performance of the underlying stock.

The ETF follows an active management approach and primarily utilizes covered call strategies, seeking to earn option premiums while retaining exposure to a portion of MicroStrategy's share-price movements.

Diversification and sector exposure

MSTW provides exposure primarily associated with:

• MicroStrategy.

• Bitcoin.

• Enterprise software.

• Business intelligence.

• Covered call strategies.

• Income generation.

• Technology.

• Options strategies.

Because the strategy is tied to a single company, the ETF is highly concentrated and its performance depends largely on the behavior of MicroStrategy shares.

The fund's returns are influenced by both changes in the company's stock price and the option premiums generated through its derivatives strategy. Since MicroStrategy maintains significant Bitcoin holdings on its balance sheet, movements in the cryptocurrency market may also indirectly affect the ETF's performance.

Structure and costs

MSTW shares trade on the secondary market on the Cboe BZX Exchange during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

Because the fund is actively managed, portfolio managers continuously adjust options positions to pursue the fund's weekly income objective.

The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee. Income generated through option premiums may be distributed to shareholders on a weekly basis in accordance with the fund's distribution policy.

History and evolution of the ETF

The Roundhill MSTR WeeklyPay ETF was launched in 2025 as part of Roundhill's WeeklyPay ETF lineup, which focuses on generating income through weekly distributions. Since inception, the fund has become part of a growing category of ETFs that utilize options on individual stocks to provide recurring cash flow to investors.

In recent years, growing demand for options-based income strategies, together with the high volatility of MicroStrategy shares and their close relationship with Bitcoin prices, has contributed to increased interest in products of this type.

Additional Information

Roundhill MSTR WeeklyPay ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $36.14 million.

Over the past 12 months, Roundhill MSTR WeeklyPay ETF recorded a return of -83.60%, with its price trading between $3.04 and $49.11 during the same period.

The ETF is traded under the ticker MSTW.