In this video, we’re going to take a look at ticker CONY, which is the YieldMax Coin Option Income Strategy ETF. There’s been a lot of buzz going around about this ETF, particularly on websites like Reddit that have dividend investing communities. I’m sure by now you can figure out why a lot of people are talking about this investment. According to the YieldMax website, this ETF apparently has a dividend yield of over 117% right now. That means that, assuming you were to invest $1,000 in this ETF today and this dividend rate remained unchanged, you could expect to earn $1,170 per year just in dividends, not even accounting for any changes in share price. So let’s take a deep look at this dividend fund and try to figure out how it’s able to provide this massive dividend yield and see if it’s worth holding for those looking for income.

According to the fund overview, it says, “The YieldMax COIN Option Income Strategy ETF (CONY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on COIN. CONY pursues a strategy that aims to harvest compelling yields while retaining capped participation in the price gains of COIN.” In other words, despite being an ETF, which is typically designed to hold numerous different stocks, CONY invests in only one company, which is Coinbase. Coinbase Global provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. They’re basically a really popular brokerage company that offers cryptocurrency investing accounts. They’re mostly popular among younger people and those interested in Bitcoin.

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