Coinbase stock near all-time high after rough period, FIAT ETF not recommended for investment.

From Nasdaq

July 2, 2025 9:23 am:

Coinbase (NASDAQ: COIN) has seen extreme volatility since its direct listing, hitting a record low of $32.53 in Dec. 2022. After a rough period, interest rates decreased, leading to a surge in trading volume and revenue in 2024. Its stock now trades near its all-time high at around $356.

Tidal’s YieldMax Short COIN Option Income Strategy ETF (NYSEMKT: FIAT) creates a “synthetic short position” on Coinbase without owning shares. FIAT writes cash-secured puts on Coinbase to generate income, but nearly 93% of its distribution is a return of capital. With a high expense ratio, consider other options for investing $1,000.

FIAT’s stock price fell nearly 84% over the past year, erasing gains from distributions. If bearish on Coinbase, directly short the stock rather than buy this income-oriented ETF. FIAT’s high distribution rate is mostly a return of capital, with a high expense ratio, making it a less attractive investment option.

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Read more at Nasdaq: Even If You Want to Short Coinbase (COIN), Think Twice Before Buying the FIAT High Yield ETF