GraniteShares YieldBOOST MARA ETF (MAAY)

GraniteShares YieldBOOST MARA ETF is an income-oriented fund from GraniteShares. Rather than owning MARA Holdings shares outright, it pursues income through an options strategy linked to leveraged exposure to MARA Holdings, Inc., the bitcoin mining company.

The fund sells put options, typically structured as put spreads, on a GraniteShares ETF that seeks twice the daily performance of MARA stock, and holds short-term U.S. Treasury securities as collateral. The premiums collected from selling those options are the main source of the fund's distributions, which are paid frequently.

This structure means the fund collects income when the referenced leveraged ETF holds steady or rises, but it can lose value when that ETF falls, and it does not participate in significant upside moves of MARA stock.