Defiance BMNR Option Income ETF

Frequently Asked Questions About YBMN

What does YBMN invest in?

The Defiance BMNR Option Income ETF, often referred to simply as the Fund, seeks to provide investors with a steady stream of income. Concurrently, it offers exposure to the equity performance of BitMine Immersion Technologies, Inc. (BMNR), which serves as its underlying asset. A key characteristic of this investment is a defined ceiling on potential capital appreciation.

What is the expense ratio of YBMN?

Defiance BMNR Option Income ETF (YBMN) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is YBMN's distribution yield?

YBMN's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does YBMN's covered-call strategy work?

YBMN 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 YBMN?

Defiance BMNR Option Income ETF (YBMN) manages $3.1M 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 YBMN actively managed or an index fund?

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