Filed
pursuant to Rule
Registration Nos. 333-264478; 811-23793
YieldMax® Bitcoin Option Income Strategy ETF (YBIT)
listed on NYSE Arca, Inc.
Supplement to the Summary Prospectus, Prospectus and
Statement of Additional Information (“SAI”),
each dated
Effective on October 1, 2025, all references in the Fund’s summary prospectus, prospectus and SAI to the frequency of the Fund’s payment of income distributions are hereby changed to reflect that the Fund will seek to make such distributions on a monthly or more frequent basis.
Please retain this Supplement for future reference.