there is quite a bit of literature available online, this one in German: https://www.test.de/Mit-Overnight-ETF-am-Geldmarkt-anlegen-Tagesgeld-fuer-Fortgeschrittene-6070550-0/. In essence it follows the EURIBOR, you will need to keep an eye on this interbank interest rate. ATM it gives you a decent return and does not have the downside of "Tagesgeld" where you typically only get time bound offers and securities are limited to 100.000Euro. Alternative to Lyxor: Xtrackers EUR Overnight Rate Swap
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@PS-Munich Thanks for this precious knowledge!
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Interest rate cut by .025% couple days ago. What will be the effect to this ETF? I am about to buy this ETF. Should I wait? If yes? Why?
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