- Pays: weekly.
- First paid: August 2024 — every payment since is charted below.
- What it is: the contrarian YieldMax: short exposure to Coinbase (COIN), harvesting option premium by writing put spreads. It profits (and pays best) when COIN falls or stalls — and loses when COIN rallies.
- Fee: 1.05% gross expense ratio (issuer fund page).
- The mirror: CONY harvests the same stock's volatility from the long side.
Don't buy this by ticker accident: FIAT is an inverse fund. A big COIN rally is the loss scenario, however healthy the income record looks. The chart below shows the payouts; the share price tells the other half.
FIAT pays weekly. Each point below is one distribution since the fund began paying in August 2024.
Loading the latest data…
Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from FIAT's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
Most option-income funds sell a stock's upside; FIAT sells its downside — put spreads that collect premium as long as COIN behaves, with short exposure underneath. That makes it one of the few income tickers that wants bad news for Coinbase. The family's diversified version of the same idea is SLTY, the YieldMax Ultra Short fund.
The honest pairing is with its mirror, CONY: same underlying volatility, opposite direction, both paying weekly. Overlay them on the compare tool and you're looking at both sides of the COIN volatility trade.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources. Note: after a share split, this data source restates all historical per-share payouts in today's share terms — the split disclosure above the chart applies.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is FIAT's Next Ex-Dividend Date?
FIAT pays weekly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from FIAT's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
FIAT's Record So Far
FIAT — the YieldMax Short COIN Option Income Strategy ETF — launched in July 2024 and has paid weekly since August 2024. The chart above shows every declared distribution.
Why an Inverse Income Fund Exists
Coinbase's volatility prices rich option premium in both directions. YieldMax sells the long side through CONY; FIAT sells the short side — put spreads plus inverse exposure — for investors who expect COIN to cool off and want to be paid while they wait. The risk is symmetric to the thesis: a COIN melt-up burns FIAT exactly the way a melt-down burns CONY.
Reading the Chart Honestly
An inverse fund's payout record can look pristine right up until the underlying rips. Judge FIAT on total return — distributions plus share price — over windows that include COIN rallies, not just the income column. The compare tool makes that overlay one click.
Model a YieldMax-Style Income Plan
Huge headline yields, eroding share prices — see what the math actually does to a long-term plan before you commit.
Open the YieldMax Calculators