Key stats
About Tidal Trust II YieldMax Short COIN Option Income Strategy ETF
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Inception date
Jul 9, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
FIAT pursues monthly income and inverse exposure to Coinbase stock (COIN). It employs a synthetic covered put strategy, leveraging options to achieve its objectives. The strategy places a cap on potential gains when the shares decrease in value. This approach involves selling COIN call options and concurrently purchasing COIN put options, typically with three- to six-month terms and at-the-money strike prices. Additionally, FIAT writes put options on COIN to generate income, usually with contracts expiring within one month and strike prices approximately 0%-15% below the current COIN share price. The fund holds short-term US Treasury securities as collateral. It also purchases out-of-the-money call options to manage potential losses from its short exposure to COIN, especially in scenarios of significant stock appreciation. Note: FIAT does not directly invest in COIN stocks, and investors are not entitled to any COIN dividends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government91.72%
Cash24.52%
Rights & Warrants−16.24%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FIAT last dividends amounted to 0.27 USD. The month before, the issuer paid 0.56 USD in dividends, which shows a 110.65% decrease.
FIAT assets under management is 44.86 M USD. It's risen 15.30% over the last month.
FIAT fund flows account for 91.73 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FIAT pays dividends to its holders with the dividend yield of 213.24%. The last dividend (May 30, 2025) amounted to 0.27 USD. The dividends are paid monthly.
FIAT shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Jul 9, 2024, and its management style is Active.
FIAT expense ratio is 1.00% meaning you'd have to pay 1.00% of your investment to help manage the fund.
FIAT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FIAT invests in bonds.
FIAT price has fallen by −2.96% over the last month, and its yearly performance shows a −73.55% decrease. See more dynamics on FIAT price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −18.45% over the last month, showed a −26.88% decrease in three-month performance and has decreased by −11.46% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −18.45% over the last month, showed a −26.88% decrease in three-month performance and has decreased by −11.46% in a year.
FIAT trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.