GraniteShares YieldBOOST COIN ETF

Frequently Asked Questions About COYY

What does COYY invest in?

COYY aims to pay weekly distributions based on a put option writing strategy. The ETF is actively managed, holding indirect exposure to COIN-leveraged ETFs. It seeks 200% of the daily percentage change of the COIN ETF, with capped gains. Regulatory constraints on risk might force strategy adjustments. The fund does not guarantee success and excludes direct investment in the COIN ETF, leaving potential losses without premium offset. The underlying COIN ETF targets 2x the daily stock performance, with long-term returns affected by daily rebalancing and compounding. The funds exposure ties closely to the financial exchanges and data industry due to the single underlying stock focus.

What is the expense ratio of COYY?

GraniteShares YieldBOOST COIN ETF (COYY) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations.

What is COYY's distribution yield?

COYY's trailing-twelve-month yield is 367.92%, calculated from the sum of distributions over the past year divided by the current price. A rate this high reflects large option-premium distributions against a NAV that has declined over the same period — part of each payout may be return of capital rather than earned income.

How does COYY's covered-call strategy work?

COYY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is COYY?

GraniteShares YieldBOOST COIN ETF (COYY) manages $18.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is COYY actively managed or an index fund?

COYY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.