MSTY and IMST both suffer from using highly volatile MSTR as the underlying, making option income strategies structurally weak for long-term investors. IMST does not offer meaningful improvements over MSTY in methodology, yield management, or risk mitigation based on current disclosures and early performance. Aggressive yields in both funds are misleading, as total returns are mostly driven by MSTR's price action rather than sustainable option income.
Bitcoin believers and passive income hunters can get huge monthly cash distributions from the MSTY ETF.
Yieldmax MSTR Option Income Strategy ETF's headline ~100%+ yield is mostly return of capital, not sustainable income, making the high payout misleading for long-term investors. The MSTY fund's synthetic covered call strategy on MicroStrategy Incorporated stock exposes it to significant downside risk, especially given MSTR's Bitcoin-driven volatility. While MSTY has outperformed peers in total return since inception, this is unlikely to be repeatable due to NAV erosion and unsustainable distributions.
Asset Management Industry | Financial Services Sector | - CEO | ARCA Exchange | 88634T493 Cusip |
US Country | - Employees | - Last Dividend | - Last Split | - IPO Date |