GraniteShares YieldBOOST COIN ETF (COYY)

GraniteShares YieldBOOST COIN ETF is an actively managed income-focused exchange-traded fund from GraniteShares that seeks to generate regular income tied to Coinbase Global, Inc., the operator of a U.S.-based cryptocurrency exchange and digital asset platform.

Rather than owning Coinbase shares directly, the fund sells put options on leveraged exchange-traded funds that track Coinbase, collecting option premiums as its main source of income, while holding Treasury securities and cash as collateral. The fund pays distributions frequently.

Because of this put-selling approach, the fund's upside is generally limited to the premiums received, while it remains exposed to declines in the underlying leveraged Coinbase funds, which in turn magnify moves in the stock.