The Tidal Trust II YieldMax MSTR Option Income Strategy ETF (MSTY) closed down 4.26% at $26.31 on December 31, 2024, as MicroStrategy Inc. (MSTR), a key component, saw its stock plummet over 20% in December. MicroStrategy's decline is closely tied to Bitcoin's price dynamics, with the company's stock underperforming amid Bitcoin's recent pullback. The Federal Reserve's hawkish stance on future rate cuts has dampened investor appetite for risk assets, contributing to selling pressure on cryptocurrencies and tech stocks, including MicroStrategy. Additionally, concerns over MicroStrategy's heavy reliance on leverage to fund its Bitcoin purchases have fueled bearish sentiment. Despite a gap up in early trading, MicroStrategy shares last traded at $305.58, down from a previous close of $302.96, reflecting ongoing volatility.