YieldMax has launched an option income strategy ETF on (COIN).
“Investors have turned to growth stocks in 2023 but many of them do not pay a dividend,” Todd Rosenbluth, head of research at VettaFi, said. “With the new ETF, investors can earn income and potentially protect the downside while gaining exposure to a growth company.”
All YieldMax ETFs carry an expense ratio of 99 basis points. CONY is actively managed by ZEGA Financial, an investment manager specializing in derivatives. ZEGA Financial helps investors successfully navigate volatile and uncertain markets through innovative hedging strategies, according to a statement from the firm.
CONY is the ninth ETF to join the fast-growing YieldMax suite of ETFs. The firm last week launched the YieldMax™ NFLX Option Income Strategy ETF (NFLY ), an option income strategy ETF focused on (NFLX).
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