YieldMax COIN Option Income Strategy ETF

CONY

Market cap $1.41B

Overview Fund Activity

7.15 USD

-0.02

0.28%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

7.18

+0.03

0.42%

1 day

-0.28%

5 days

4.69%

1 month

-4.28%

3 months

-7.02%

6 months

-15.98%

Year to date

-46.76%

1 year

-42.57%

5 years

-63.83%

10 years

-63.83%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

300% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 6

114% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 7

58% more capital invested

Capital invested by funds: $27.3M [Q1] → $43M (+$15.7M) [Q2]

52% more funds holding

Funds holding: 33 [Q1] → 50 (+17) [Q2]

0.01% less ownership

Funds ownership: 3.06% [Q1] → 3.05% (-0.01%) [Q2]

1% less call options, than puts

Call options by funds: $3.45M | Put options by funds: $3.47M

See Fund Rankings

Financial journalist opinion

CONY: I Expect Muted Volatility For Cryptocurrency Ahead

CONY ETF delivered impressive total returns in the past, largely driven by high option premiums during periods of extreme COIN volatility. COIN stock volatility has recently declined and is likely to remain muted due to regulatory clarity and market maturation. As such, I expect CONY's future income potential to decline and its past performance unlikely to sustain.

CONY: I Expect Muted Volatility For Cryptocurrency Ahead

CONY: Say No To Temptation

CONY's headline 140% yield is highly tempting, but it's largely driven by destructive return of capital that erodes NAV and share price. Falling NAV and declining distributions mean investors, especially those who bought at higher prices, face significant capital losses and shrinking yields. Despite the eye-catching yield, CONY is likely to underperform; I recommend avoiding it due to unsustainable payouts and ongoing capital erosion.

CONY: Say No To Temptation

YieldMax® ETFs Announces Distributions on HOOY, CONY, ULTY, AMDY, YMAG, and Others

CHICAGO and MILWAUKEE and NEW YORK, July 23, 2025 (GLOBE NEWSWIRE) -- YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group C ETFs listed in the table below.

YieldMax® ETFs Announces Distributions on HOOY, CONY, ULTY, AMDY, YMAG, and Others

CONY: High Yield Has Offset Price Declines But More Downside Possible

I maintain a hold rating on CONY due to Coinbase and Bitcoin trading near all-time highs, increasing risk of a pullback. CONY offers massive distributions (currently ~73% yield), but suffers from significant price decay and capped upside potential. The fund's synthetic option strategy generates income but exposes investors to greater downside risk and underperforms COIN over time.

CONY: High Yield Has Offset Price Declines But More Downside Possible

The Motley Fool

2 Reasons You May Want to Swap Coinbase for CONY

Over the past 12 months, Coinbase Global (COIN 1.80%) is up an impressive 58%. In 2025, it's already up 42%.

2 Reasons You May Want to Swap Coinbase for CONY

24/7 Wall Street

Is CONY's 76% Yield on Coinbase a Good Way to Bet on Crypto?

Passive income seekers and cryptocurrency enthusiasts may cheer the CONY ETF's eyebrow-raising yield.

Is CONY's 76% Yield on Coinbase a Good Way to Bet on Crypto?

The Motley Fool

This 119% Yield ETF Is Turning Heads: Too Good to Last?

Explore the YieldMax COIN Option Income Strategy ETF ( NYSEARCA: CONY), which is offering a staggering 119.9% yield. Understand the mechanics behind this high-yield exchange-traded fund (ETF), the associated risks, and whether it fits into your investment strategy.

This 119% Yield ETF Is Turning Heads: Too Good to Last?

YieldMax® ETFs Announces Distributions on ULTY, CONY, AMDY, LFGY, YMAX, and Others

CHICAGO and MILWAUKEE and NEW YORK, June 25, 2025 (GLOBE NEWSWIRE) -- YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group C ETFs listed in the table below.

YieldMax® ETFs Announces Distributions on ULTY, CONY, AMDY, LFGY, YMAX, and Others

CONY: Earn Steady Monthly Income With This High Yielder

CONY offers a high yield via monthly distributions, but its price has declined, leading to underperformance versus holding COIN directly. The ETF's distributions are classified as return of capital, offering tax deferral benefits until the fund is sold, which can appeal to long-term investors. Risks include declining distributions, potential for the fund price to approach zero, and uncertainty about sustaining high yields in the future.

CONY: Earn Steady Monthly Income With This High Yielder

CONY: Sky-High Payouts But Near-Term Uncertainty Rising

CONY's high yield is driven by a covered-call strategy on Coinbase, but the share price has declined over 60% since inception. Current market conditions—low implied volatility and unfavorable Bitcoin seasonality—make covered-call selling less attractive for CONY. I'm bullish on Bitcoin long-term due to ETF inflows, institutional adoption, and reduced exchange supply, but June seasonality tempers my enthusiasm.

CONY: Sky-High Payouts But Near-Term Uncertainty Rising

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