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Posted by
Two Blokes Jun 11 -
Filed in
Stock
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6 views
CONY offers a high yield via monthly distributions, but its price has declined, leading to underperformance versus holding COIN directly. The ETF's distributions are classified as return of capital, offering tax deferral benefits until the fund is sold, which can appeal to long-term investors. Risks include declining distributions, potential for the fund price to approach zero, and uncertainty about sustaining high yields in the future.
