Key stats
About YieldMax Short COIN Option Income Strategy ETF
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Inception date
Jul 9, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636J4774
FIAT pursues monthly income and inverse exposure to Coinbase stock (COIN). It employs a synthetic covered put strategy, leveraging options to achieve its objectives. The strategy places a cap on potential gains when the shares decrease in value. This approach involves selling COIN call options and concurrently purchasing COIN put options, typically with three- to six-month terms and at-the-money strike prices. Additionally, FIAT writes put options on COIN to generate income, usually with contracts expiring within one month and strike prices approximately 0%-15% below the current COIN share price. The fund holds short-term US Treasury securities as collateral. It also purchases out-of-the-money call options to manage potential losses from its short exposure to COIN, especially in scenarios of significant stock appreciation. Note: FIAT does not directly invest in COIN stocks, and investors are not entitled to any COIN dividends.
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Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FIAT assets under management is 43.99 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FIAT invests in bonds. See more details in our Analysis section.
FIAT expense ratio is 1.00%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
FIAT is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
Yes, FIAT pays dividends to its holders with the dividend yield of 249.37%.
FIAT shares are issued by Toroso Investments Topco LLC
FIAT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 9, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.