CONY’s Dreamy Yield Hides a Track Record That Should Concern Long Term Holders

The pitch for the YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) is a distribution yield quoted anywhere from 60% to 120% annualized, paid weekly, all derived from selling options on Coinbase (NASDAQ: COIN) shares. Investors hunting income see CONY and assume they've found a money-spinning miracle attached to crypto's most prominent equity. The reality since its August 2023... CONY's Dreamy Yield Hides a Track Record That Should Concern Long Term Holders