CONY Isn't Your Only Play For Crypto Income
The YieldMax COIN Option Income Strategy ETF (CONY) is rated a sell due to its high fees and concentrated risk. Most of its recent payouts were return of capital rather than sustainable income. Investors may find better alternatives with lower expenses and more diversification.
- ▪CONY has a 1.22% expense ratio and lacks diversification.
- ▪96.49% of its latest payout was return of capital, indicating unsustainable income.
- ▪The ETF is exposed to regulatory and earnings volatility associated with Coinbase.
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