The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an actively managed ETF launched on July 9, 2024, aiming to generate monthly income through a synthetic covered put strategy. It provides indirect inverse exposure to Coinbase Global, Inc. (COIN) stock, using options to collect premiums while capping gains from COIN price decreases. Distributions are paid monthly, with a high yield (e.g., 53.59% as of July 2025), but subject to market volatility and risks.
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