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YieldMax COIN Option Income Strategy ETF
It is an exchange-traded fund that gives investors monthly income by selling options tied to Coinbase stock, without owning the shares outright.
This is an ETF, which is a basket of investments that trades on a stock exchange like a single stock. This particular fund does not simply buy shares of Coinbase and hold them. Instead, it runs an options strategy designed to churn out cash for its investors, with the Coinbase stock serving as the engine.
Here is how the machine works: the fund sells call options on Coinbase — contracts that give someone else the right to buy Coinbase shares at a set price later. For that right, the buyer pays the fund a fee, called a premium, upfront. The fund also uses part of its money to buy Coinbase stock and safer bonds to cover its own risk. In practice, the fund is a way to collect income from Coinbase's famously jumpy stock without owning it directly. The trade-off is real. Because the fund gives up the chance to profit from big Coinbase rallies, its upside is capped. When Coinbase shares soar, the fund's gains are usually cut short — but when the stock crashes, the fund still feels much of the pain. Investors are essentially renting out Coinbase's volatility and getting paid in monthly checks, while accepting that those checks come with limits and risk.
Like other options-income ETFs from YieldMax, the fund charges investors a fee for managing the strategy, and those fees eat into returns over time. It is not a way to get rich from Coinbase's growth. It is a way to turn a wild stock into a steadier stream of cash — as long as you understand what you are giving up.
Saved answer · last researched 15 Nov 2026