Positive
Seeking Alpha
1 month ago
CONY: Requires A Long-Term Position For This Income Fund To Make Sense
YieldMax COIN Option Income Strategy ETF (CONY) remains a hold due to high risk, persistent share price erosion, and unsustainable distributions. CONY's strategy leverages synthetic options on Coinbase (COIN), generating high yields but capping upside and amplifying volatility exposure tied to Bitcoin. Total return since inception is positive for early entrants, but recent investors face a 34.5% total loss over twelve months despite a 126.4% yield.