SoFi Technologies, Inc. has announced the launch of a new financial product, the SoFi Enhanced Yield ETF (ticker: THTA). This fund aims to provide investors with a method to generate monthly income through short-term Treasury Bills and an options overlay strategy.

The ETF is designed to offer a simple and liquid way for investors to diversify their portfolios using options-powered income strategies. It will also utilize tax loss harvesting opportunities alongside ZEGA Financial's options strategy management.

"The investing landscape has expanded beyond the traditional 60/40 to include assets that can offer more targeted objectives and increased diversification benefits," according to SoFi. The company believes this modern approach can appeal to those seeking potentially higher-yielding investment alternatives.

SoFi is known for its comprehensive suite of digital financial services aimed at helping individuals achieve financial independence. The company's offerings include lending, checking and savings accounts, credit cards, investment platforms, and more.

Investors interested in THTA should be aware of several risks associated with the fund, including written options risk, derivatives risk, interest rate risk, leveraging risk, liquidity risk, new fund risk, and non-diversification risk. These factors could impact the value of investments significantly.

For further details on the SoFi Enhanced Yield ETF or other products offered by SoFi Invest platforms such as Automated Investing or Active Investing services provided by SoFi Wealth LLC and SoFi Securities LLC respectively, potential investors are encouraged to review disclosures available on SoFi's website.