GraniteShares YieldBOOST CRCL ETF (CRY)

The GraniteShares YieldBOOST CRCL ETF is an income-oriented fund from GraniteShares that seeks to generate current income tied to Circle Internet Group (CRCL) through an options strategy, rather than by owning the stock outright.

The fund's YieldBOOST approach centers on selling put options, primarily on leveraged exchange-traded funds that track CRCL, while holding Treasury bills and cash as collateral. Option premiums collected are intended to fund frequent distributions. The strategy's upside is limited to the premiums received, while significant declines in the underlying can lead to losses.

Circle Internet Group, which went public in 2025, is the issuer of the USDC stablecoin and provides payment and blockchain infrastructure services.