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YBMNDefiance BMNR Option Income ETF

Get incomeNewRanked #1,516 of 1,650 in this goal

Seeks current income and exposure to the share price of BitMine Immersion Technologies, Inc.

By Defiance ETFs LLC · Launched 2025

Annual Cost

0.85%

#4,514 of 5,861 · expensive

Fund Size

$2M

#5,479 of 5,861 · small

Dividend YieldGoal

—

Track Record

9 months

#4,911 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$6,903-31.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 4 holdings = 99.1% of fundconcentrated

TREASURY BILL
102.1%
N/A
0.6%
N/A
-0.2%
N/A
-3.4%

Asset allocation

Cash
99.4%
Other
2.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-57.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks current income and exposure to the share price of BitMine Immersion Technologies, Inc.
Strategy
Actively managed ETF providing current income through traditional and synthetic covered call strategies on BitMine Immersion Technologies, Inc. (BMNR), a digital asset and blockchain technology company. Aims for income from option premiums while capturing some share price appreciation, subject to limits on potential gains.
Inception date
November 24, 2025
Fund family
Defiance ETFs LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04