📌 Overview
| Fund Name | GraniteShares YieldBOOST COIN ETF |
| Ticker | COYY |
| Issuer | GraniteShares Advisors LLC |
| Inception Date | July 28, 2025 |
| Expense Ratio | ~1.07% |
| Distribution | Weekly (every Thursday) |
| Strategy | Short puts on a 2× leveraged COIN ETF |
| Estimated Yield | ~180% annualized (based on recent data) |
📌 COYY is a high-income ETF that aims to generate weekly cash distributions by selling cash-secured puts on a 2x leveraged Coinbase ETF.
🧠 Investment Strategy & Structure
- Underlying asset: The fund uses a synthetic 2× daily leveraged position on Coinbase (COIN).
- Yield strategy: COYY sells short-term cash-secured put options on the leveraged COIN ETF.
- Objective: To generate consistent high-yield weekly income by monetizing volatility in a crypto-correlated equity.
📌 This ETF combines aggressive exposure to a volatile stock (COIN) with an income overlay designed for traders seeking weekly payouts.
💼 Holdings (as of August 2025)
| Synthetic 2x COIN Exposure (Swaps or Derivatives) | ~98–99% |
| Short COIN Puts (Weekly Expiry) | Variable (rolled weekly) |
| Cash / Treasury collateral | Small buffer for margin/security |
📌 The portfolio is highly concentrated and tactical — essentially a leveraged single-stock income strategy.
📈 Performance Snapshot
| NAV (Aug 1, 2025) | $22.68 |
| Closing Price | ~$23.05 |
| Premium/Discount | ~+1.6% premium |
| 1st Weekly Payout | $0.8413/share (Annualized ≈ 180%) |
| Total Return (YTD) | +8.5% |
| 1-Year Return | +14.3% (NAV estimate) |
📌 Distributions are weekly, based on option premiums collected and reset each week.
🔍 Pros & Cons
| Weekly cash income for short-term yield seekers | High volatility due to leverage and COIN exposure |
| ~180% annualized yield (subject to change) | Not suitable for long-term conservative investors |
| Transparent and rules-based put-writing strategy | 1.07% expense ratio is relatively high |
| Potential for alpha during sideways/high-volatility markets | Little diversification – effectively a single-stock play |
| Ideal for active income traders with risk appetite | New fund, no long-term track record |
✅ Conclusion
COYY is a niche, high-yield ETF designed for aggressive income-seeking traders.
It pairs a 2x leveraged position on Coinbase with a weekly put-selling strategy, creating potential for extreme income — but also extreme risk.
Investors should treat COYY as a speculative tactical income product, not a long-term core holding.
It may appeal to those who understand options and want to target short-term cash flow from crypto-equity volatility.
🏷️ Recommended Tags
#COYY #YieldBOOST #CoveredPutETF #COINETF #CryptoIncome #LeveragedETF #WeeklyDistributions #HighYieldETF #GraniteShares #SpeculativeETF