MTYY vs WNTR

MTYYDGraniteShares YieldBOOST MSTR ETF

WNTRBYieldMax MSTR Short Option Income Strategy ETF

In short

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.

WNTR Most MSTR income funds ride with the stock. WNTR leans the other way: an unleveraged synthetic short on Strategy Inc, puts sold against it, Treasuries as collateral. A bearish stance converted into option premium, with capped gains and real pain if MSTR climbs.

Stated mandate

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.

WNTR The Fund seeks current income through a synthetic covered put strategy that provides indirect inverse exposure to the share price returns of MSTR and generates option premiums.

Why people hold it

• 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

• WNTR The bearish sibling in a bullish niche: a long at-the-money put paired with a short at-the-money call builds inverse MSTR exposure, then puts are written against it to harvest premium.globenewswire.com
• The inverse leg carries no leverage, so it tracks against MSTR roughly one-for-one instead of multiplying the move. US Treasuries sit behind the options as collateral and add their own yield.globenewswire.com
• The 1.00% fee sits right at the median for MSTR option-income funds (MSTY, IMST, MSST), and this one stands among the stronger implementations in that group.

Worth knowing

• 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.

• WNTR Asymmetric by design: gains when MSTR falls are capped by the puts it sells, while losses if MSTR rises can reach up to 100%.globenewswire.com
• Payouts can include return of capital, so part of a distribution may be your own money handed back rather than income the strategy earned.
• Launched in 2025 and it never holds or directly shorts MSTR. Everything runs through options, so the history is short and results can drift from a straight short position.globenewswire.com

Full MTYY profile⁠

Full WNTR profile⁠