MSTY vs MTYY

MSTYCYieldMax MSTR Option Income Strategy ETF

MTYYDGraniteShares YieldBOOST MSTR ETF

In short

MSTY The fund that turns Strategy's wild swings into a paycheck. MSTY holds synthetic MSTR exposure and sells call spreads for premium income. It launched in 2024 and now anchors a whole cohort of MSTR income funds, including two from its own issuer.

MTYY Most MSTR income funds write options on the stock. MTYY reaches one level higher, selling puts tied to a 2x leveraged MSTR ETF, so the premium it harvests is priced off doubled swings. Payouts monthly, risk to match.

Stated mandate

MSTY MSTY is actively managed to seek weekly income by selling call spreads on Strategy Inc. while retaining participation in potential appreciation of that company’s shares.

MTYY The fund seeks to generate income through options strategies, primarily by selling put options on leveraged ETFs tracking the 2x Long MSTR Daily ETF.

Why people hold it

• MSTY Sells call spreads rather than plain calls, so upside is capped through a band instead of shut off above a single strike.
• The payout engine is option premium on Strategy Inc., not company dividends, and cash goes out on a monthly cadence.
• One of the actively traded names in the MSTR income group, with a sizable asset base behind it.
• Sits in the upper half of the six-fund MSTR options-income group, ahead of MTYY and MSST on our review.

• MTYY The whole angle is leverage. It sells puts linked to a 2x long MSTR ETF, so the premium it collects is priced off double-amplified moves rather than MSTR's own.graniteshares.com
• Distributions run on a monthly cadence, so income arrives on a set calendar rather than in lumps.
• No MicroStrategy shares sit on the books. The exposure is built through options on a leveraged MSTR vehicle, an income route rather than a stock position.graniteshares.com

Worth knowing

• MSTY At 1.03% a year it runs above the group median and above Bitwise's IMST at 0.96%. Active option management is not a cheap wrapper.
• Exposure is synthetic and tied to one famously volatile stock, so the share price can slide well below where it started while distributions keep arriving.
• It opened in 2024, so the track record covers a short stretch rather than a full market cycle.

• MTYY The 1.07% fee sits at the top of the MSTR options-income shelf, where WNTR and MSTY run near 1%.
• Put selling caps the upside at the premium collected while the downside tracks a 2x MSTR vehicle. A sharp drop can outrun the income the strategy generates.graniteshares.com
• Launched in September 2025, it remains a small, thinly traded fund, which typically shows up as wider spreads at the moment you trade.

Full MSTY profile⁠

Full MTYY profile⁠