GraniteShares’s Substack

COYY and the COIN Earnings Setup: Reading Weekly Income Against a Binary Catalyst

GraniteShares — Thu, 03 Sep 2026 19:20:06 GMT

Data as of August 17, 2026 unless otherwise noted.

Coinbase Global, Inc. (NASDAQ: COIN) reports second-quarter 2026 results after the market closes on Thursday, July 30, 2026 — five trading days from this writing, with a conference call scheduled for 5:00 PM ET the same day¹. Consensus estimates ahead of the print sit near $0.06 in EPS and roughly $1.33 billion in revenue². That bar follows a difficult first quarter: Coinbase posted a $394.1 million net loss on $1.4 billion in revenue, missing the $1.56 billion consensus, while transaction revenue fell 21% quarter-over-quarter to $756 million as trading activity thinned across the crypto complex³. Layered onto that setup is a fresh, favorable data point — Coinbase’s early-July 2026 authorization to offer investment services in the UK, which MarketBeat’s earnings feed flagged again this week as a live catalyst alongside the earnings date itself⁴.

For a fund built around weekly options income linked to COIN, this is exactly the kind of week that matters most. Earnings are a binary event: the stock can gap sharply in either direction within hours of the print, and options markets tend to price that uncertainty into elevated implied volatility in the days beforehand. COIN is also fighting a technical battle at the same time. Shares have been defending the $158–$160 support zone, with a break below that band seen as opening a path toward $145–$150, and a deeper failure exposing the 52-week low near $139 as the last technical floor⁵. A weekly-income options strategy tied to a name with this much event risk and this little technical cushion is not a passive proposition — the mechanics of the strategy and the mechanics of the stock are about to be tested in the same five-day window.

Setup: Price, Volume, and Volatility Context

COIN’s most recent close (July 23, 2026) was $161.16, roughly in the middle of the 12-month range of $141.09 to $419.78⁶. Average daily trading volume across the past 90 days ran near 9.4 million shares, moderating to about 7.6 million shares over the most recent 30 trading days — consistent with the “volume drought” narrative attached to Coinbase’s weaker transaction revenue⁷. Realized volatility gives a useful, backward-looking proxy for the implied volatility priced into COIN options: the 30-day annualized realized volatility as of July 23, 2026 stood at roughly 63%, a level that has climbed off its spring lows as the stock chopped inside its $150–

¹MarketBeat, “Coinbase Global Q2 2026 Earnings Report,”

https://www.marketbeat.com/earnings/reports/2026-7-30-coinbase-global-stock/ ²TradingNews, “Coinbase Leans on a $19B USDC Franchise Ahead of Q2,” July 20, 2026, https://www.tradingnews.com/news/coin-battles-160-usd-as-the-volume-drought-bites-coinbase leans-on-19b-usdc-franchise-ahead

³Yahoo Finance, Coinbase Global, Inc. (COIN) quote, https://finance.yahoo.com/quote/COIN/ ⁴GraniteShares, YieldBOOST™ COIN ETF (COYY) fund page, https://graniteshares.com/institutional/us/en-us/etfs/coyy/

⁵GraniteShares ETF Trust, YieldBOOST™ ETFs Prospectus,

https://graniteshares.com/media/y0okkhf2/graniteshares-etf-trust-prospectus-yb.pdf

$220 band ahead of the print⁸. Bitcoin, the macro backdrop most COIN moves track loosely, traded near $64,000 on the same date, itself down from year-ago highs — a reminder that COIN’s own volatility is rarely independent of the broader digital-asset cycle.

The GraniteShares YieldBOOST™ COIN ETF (COYY) is designed to seek to generate weekly potential income by selling options — specifically put option (an options contract giving the holder the right, but not the obligation, to sell an underlying security at a set price before a specified date)s — on leveraged ETFs that track 2x the daily performance of COIN, rather than by selling options directly on COIN shares or holding COIN stock outright⁹. The fund’s primary objective, per its fund page, is to achieve 200% of the income generated from selling options on COIN by writing puts on an underlying leveraged COIN ETF; its secondary objective is a leveraged way to track COIN’s price performance, subject to a cap on potential gains¹⁰. In practice, COYY sells weekly puts — typically one-week duration — on the 2x leveraged COIN vehicle, collects the option premium, and seeks to distributet premium to shareholders on a weekly cadence. As of its most recent fact (as of August 17, 2026)sheet update, the fund’s stated distribution rate was 76.61%, with a 30-Day SEC Distribution rate of just 1.58% — a gap that underscores how much of the cash flow comes from option premium rather than portfolio income¹¹.

The mechanical link between COIN’s implied volatility and COYY’s income potential is direct: option premiums scale with volatility, so a weekly income overlay on COIN vol tends to generate richer premiums precisely when uncertainty around the stock — like a pending earnings report — is elevated. That is the structural logic behind why an event like the July 30 print matters to this fund’s income profile, independent of which direction COIN ultimately moves. Premiums collected are the fund’s revenue; the strike levels sold against are effectively the fund’s risk boundary.

Risk Framing

That risk boundary cuts both ways, and the prospectus is explicit about the trade-offs¹². First, COYY is concentrated in a single underlying stock — COIN — whose price is tied to crypto market cycles, trading-volume swings, and regulatory developments, any of which can move the shares sharply on short notice. Second, because the fund sells puts on a leveraged vehicle, a sharp gap-down in COIN — the kind that can follow a disappointing earnings print or a break of technical support — can produce losses that exceed the premium collected that week; the options overlay caps upside participation but does not cap downside in a severe drawdown. Third, the weekly distributions themselves carry return-of-capital and tax complexity: the fund’s own disclosures show the most recent distributio (as of August 17, 2026)n was classified as approximately 96.36% return of capital, meaning the bulk of what shareholders receive each week is a return of their own invested capital rather than net investment income, with tax treatment that differs from ordinary dividends¹³. Fourth, the underlying leveraged ETF itself resets its linked position daily, so its multi-day and multi-week performance can diverge from a simple multiple of COIN’s own move over the same period — a compounding effect embedded inside the options the fund is writing against. Investors should read the fund’s prospectus for the complete set of principal risks before considering an investment¹⁴.

Who This Is Designed For

COYY’s structure is aimed at income-oriented, active market participants who want a tool to monetize elevated COIN options volatility on a weekly basis without directly holding COIN shares or a leveraged COIN ETF themselves. It is built for investors already comfortable with single-stock, crypto-adjacent risk and with the return-of-capital and tax characteristics that come with an options-income overlay, who are looking to harvest premium income specifically because implied volatility around events like this week’s earnings print is elevated. It is not designed as a substitute for direct COIN ownership, as a leveraged directional bet on COIN’s price, or as a core, buy-and-hold portfolio holding — the capped upside and tail-loss risk make it a fundamentally different instrument from either the underlying stock or the leveraged ETF it references. As with any options-income strategy layered onto a volatile, event-driven single stock, position sizing and a clear understanding of the weekly mechanics matter as much as the headline distribution rate. [STANDARDIZED PERFORMANCE — insert link from graniteshares.com/etfs/coyy in equal prominence to distribution rate — Jake compliance note]

Standardized performance is available at https://graniteshares.com/institutional/us/en-us/etfs/ in equal prominence to any distribution rates referenced above.

Options entail risk and are not suitable for all investors. Before engaging in any options-related strategy, investors should read the Characteristics and Risks of Standardized Options (the Options Disclosure Document, or ODD), available from The Options Clearing Corporation (OCC) at https://www.theocc.com/company-information/documents-and-archives/options disclosure-document. Options positions can result in loss of the entire premium paid, and short options positions can result in obligations greater than the premium received. RISK FACTORS AND IMPORTANT DISCLOSURES

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, investors should read the Characteristics and Risks of Standardized Options (https://www.theocc.com/company information/documents-and-archives/options-disclosure-document), which contains information on the risks, benefits, and mechanics of options trading. Written and purchased option strategies may result in the loss of the entire premium paid or unlimited losses beyond the premium collected.

This material must be preceded or accomp (as of August 17, 2026)anied by a Prospectus. Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. Please read the prospectus before investing. Prospectus: https://graniteshares.com/institutional/us/en-us/resource-library/

There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

● An Investment in the Fund is not an investment in the Underlying ETF.
● The Fund’s strategy will cap its potential gain if the Underlying ETF’s share increases in value.
● The Fund’s strategy is subject to all potential losses if the Underlying ETF’s share declines, which may not be offset by the income received by the Fund.
● The Fund does not invest directly in the Underlying ETF.
● Fund shareholders are not entitled to any distribution paid by the Underlying ETF.
● Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.

Risks of the Fund include:
● Risk of the Underlying ETF
● Derivatives Risk
● Affiliate Fund Risk
● Counterparty Risk
● Price Participation Risk
● Distribution Risk
● NAV Erosion Risk
● Put Writing Strategy Risk
● Option Market Liquidity Risk

These and other risks can be found in the prospectus.

This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

An investor should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. To obtain a prospectus containing this and other information, please call 1-844-476-8747. Read the prospectus carefully before you invest.

THE FUND IS DISTRIBUTED BY ALPS DISTRIBUTORS, INC. GRANITESHARES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

UBRL Weekly: Waymo Overhang Slams UBER Into a Volatile Setup Ahead of Earnings

GraniteShares — Wed, 02 Sep 2026 18:47:57 GMT

Data as of August 17, 2026 unless otherwise noted.

GraniteShares 2x Long Uber Daily ETF (UBRL) — linked to Uber Technologies Inc (NYSE: UBER)

Uber Technologies Inc (NYSE: UBER) closed down 4.3% on Friday, July 24, 2026, after the Financial Times reported that Alphabet-owned Waymo is exploring an exit from its robotaxi partnership with Uber, a move that would end exclusivity arrangements in two of the partnership’s flagship markets (CNBC, Reuters). The single-session decline erased roughly $6.1 billion of Uber’s market capitalization and capped a brutal week: shares are down approximately 9.0% over the five trading days ended July 24. For GraniteShares 2x Long Uber Daily ETF (UBRL), a fund built to deliver 2x daily-reset participation in UBER, this is exactly the kind of high volatility, catalyst-driven tape that defines both its opportunity set and its risk profile.

What happened

According to the FT report cited by both CNBC and Reuters, Waymo has held internal discussions about unwinding its three-year-old partnership with Uber amid rising friction between the two companies. Reuters reports that Waymo has raised concerns about vehicle cleanliness and routing, while Uber has pushed back on the sudden unavailability of Waymo vehicles during bad weather and has characterized the commercial terms of the arrangement as unsustainable. The two companies were described as “pursuing diverging objectives.” Waymo has notified Uber that it intends to launch its own app independently in Austin and Atlanta in January 2028, once existing contractual exclusivity lapses, ending the arrangement under which Waymo robotaxis have been available only through the Uber platform in those two markets (CNBC). Uber says hundreds of Waymo vehicles will remain on its platform through at least May 2028, the term of the current contract, and that the changes free Uber to add other autonomous-vehicle partners in both cities. Notably, this follows the June dissolution of the Uber-Waymo self-driving partnership in Phoenix, Arizona, suggesting a broader pattern rather than an isolated market dispute (Reuters).

The Waymo headline landed alongside other negative company-specific news: Uber has cut approximately 10% of its customer service workforce as part of an artificial-intelligence-driven

restructuring push. Investors now have two additional near-term catalysts to track. Uber reports second-quarter earnings on August 5, 2026, which will be the first opportunity for management to directly address the autonomous-vehicle partnership question on a public call. Separately, the Federal Reserve’s policy decision is due this coming Wednesday, a macro event that will

influence risk appetite across high-beta growth names, Uber included.

Price and volume context

Chart A: UBER daily close, past 12 months, with 50-day and 200-day moving averages and Aug 5, 2026 earnings date marked. Source: Yahoo Finance | Prepared by GraniteShares.

Chart B: UBER daily trading volume, past 90 days. Source: Yahoo Finance | Prepared by GraniteShares.

Chart C: UBER normalized return vs. XLY (Consumer Discretionary Select Sector SPDR Fund), past 6 months. Source: Yahoo Finance | Prepared by GraniteShares.

UBER closed Friday, July 24 at $65.94, according to Yahoo Finance data (Yahoo Finance). Friday’s volume ran approximately 27.5 million shares, roughly 42% above the stock’s recent average daily volume — a clear signal of forced and discretionary repositioning around the headline, not routine turnover. The stock is now trading well below both its 50-day and 200-day moving

averages, which sit in the low-$70s and high-$70s respectively based on the trailing 12-month price series, placing UBER in a technically damaged posture heading into earnings. Year-to-date, UBER is down more than 20%, underperforming the broader consumer discretionary complex over the same window. Chart A below shows the full 12-month price path with both moving averages and the August 5 earnings date marked; Chart B shows the volume spike in the context of the past 90 trading days; Chart C benchmarks UBER’s six-month normalized return against the Consumer Discretionary Select Sector SPDR Fund (XLY).

How UBRL is built

Chart D: Illustrative 2x daily-reset decay simulation over a stylized 60-session path using UBER historical volatility. Hypothetical illustration, not actual fund performance. Source: Yahoo Finance (volatility input) | Prepared by GraniteShares.

UBRL is not a stock. It is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of UBER common stock, primarily through swap agreements, with options and direct share purchases as secondary tools (GraniteShares UBRL fund page). At the end of each trading day, the fund resets its notional position so that it again represents approximately 200% of net asset value relative to UBER — this daily reset is the mechanical core of the product and the source of its most important structural characteristic: compounding decay.

Because the fund’s 2x target is calculated fresh each trading day rather than over the life of a holding period, the fund’s multi-day return can diverge meaningfully from 2x the underlying stock’s cumulative return, particularly when the underlying is volatile. A simple two-day example makes this concrete. Suppose UBER rises 5% on day one and then falls 5% on day two. The cumulative return on UBER over those two days is not zero — it is a loss of 0.25% (1.05 × 0.95 = 0.9975). Now consider UBRL’s 2x daily-reset design applied to that same path: up 10% on day one, down 10% on day two. The daily-reset compounded result is 1.10 × 0.90 = 0.99, a loss of 1.0% — four times the underlying stock’s two-day loss, not two times. That gap between “2x of the daily move, compounded daily” and “2x of the cumulative move” is compounding decay, and it grows with both the length of the holding period and the level of realized volatility in the underlying stock. Chart D illustrates this mechanically using a stylized 60-session path built from UBER’s own trailing daily volatility: even with zero net drift in the underlying stock over the period, the 2x daily-reset return diverges from a naive 2x of the underlying’s cumulative return by a material margin purely as a function of daily compounding.

This is precisely why UBRL is described by GraniteShares as a leveraged way to track UBER’s daily performance rather than a long-term multiplier of Uber’s stock return. The fund is designed to deliver 2x of a single trading day’s move — from one day’s close to the next day’s close — and nothing longer.

Risk framing

Several risks compound on top of one another for anyone considering UBRL, and each deserves separate attention. First is single-stock concentration: UBRL’s fortunes are tied entirely to Uber, and the current Waymo overhang represents a binary, headline-driven risk that can move the underlying stock sharply on any given day between now and the January 2028 timeline referenced in the reporting, as well as around the nearer-term August 5 earnings date. Second is leverage itself: 2x daily-reset compounding means that the fund can lose value even during periods when UBER is flat or modestly positive, if the path there is volatile. As the fund’s disclosures state plainly, for periods longer than a single day, returns will very likely differ from 200% of UBER’s return over that period, and it is possible to lose money even while UBER’s price has risen. Third, the swap-based structure introduces counterparty risk — the fund’s ability to deliver its stated daily objective depends on its swap counterparties performing under those contracts. Fourth, because the leveraged structure resets daily, this is fundamentally a must-be monitored-daily instrument: a position that looked appropriately sized on day one can become substantially over- or under-levered relative to an investor’s intent after just a few volatile sessions. Full details on these and other risks — including market risk, rebalancing risk, intra-day investment risk, and risks specific to Uber’s business and sector — are set out in the fund’s prospectus (GraniteShares 2x Long UBER Daily ETF Prospectus Summary).

Who this is designed for

UBRL is constructed for short-term active traders who hold a specific, directional view on UBER’s price action over a window of roughly one to five trading days — for example, a view heading into a discrete catalyst such as next week’s earnings report or a headline-driven session like Friday’s Waymo news. It seeks to provide a leveraged way to track UBER’s daily performance for traders who want that magnified participation in UBER without using margin, borrowing shares, or managing options positions directly. It is explicitly not a buy-and-hold vehicle. Investors who want long-term participation in Uber’s business fundamentals, who cannot monitor a position daily, or who are uncomfortable with a structure whose multi-day return can diverge from a simple multiple of the underlying stock’s return, are not the audience this fund is built to serve. Nothing in this article should be read as a recommendation to buy, sell, or hold UBRL, UBER, or any related security; it is intended solely to explain the fund’s mechanics and current market context.

Important Disclosures

Standardized performance is available at https://graniteshares.com/institutional/us/en-us/etfs/ in equal prominence to any distribution rates, yields, or return figures referenced in this article.

RISK FACTORS AND IMPORTANT DISCLOSURES

The Fund is not suitable for all investors. The investment program of the Fund is speculative, entails substantial risks and includes asset classes and investment techniques not employed by most ETFs and mutual funds. Investments in the ETF are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Stock’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Stock’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.

The Fund seeks daily leveraged investment results and is intended to be used as a short-term trading vehicle. This Fund attempts to provide daily investment results that correspond to the respective long leveraged multiple of the performance of its underlying stock (a Leverage Long Fund).

Investors should note that such Leverage Long Fund pursues daily leveraged investment objectives, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of its underlying stock. The volatility of the underlying security may affect a Fund’s return as much as, or more than, the return of the underlying security.

Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from 200% of the return of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock’s performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even

possible that the Fund will lose money over time while the Underlying Stock’s performance increases over a period longer than a single day.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.

An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time.

Risks of the Fund include:

- Effects of Compounding and Market Volatility Risk

- Leverage Risk

- Market Risk

- Counterparty Risk

- Rebalancing Risk

- Intra-Day Investment Risk

- Other Investment Companies (including ETFs) Risk

- Risks specific to the securities of the Underlying Stock and the sector in which it operates

These and other risks can be found in the prospectus.

An investor should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. To obtain a prospectus containing this and other information, please call 1-844-476-8747. Read the prospectus carefully before you invest.

THE FUND IS DISTRIBUTED BY ALPS DISTRIBUTORS, INC. GRANITESHARES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

GraniteShares Announces Weekly Distributions for its YieldBOOST ETFs

GraniteShares — Thu, 20 Aug 2026 17:40:50 GMT

New York, Aug. 20, 2026 (GLOBE NEWSWIRE) -- GraniteShares today announced the weekly distributions for its GraniteShares YieldBOOST ETFs: COYY, TSYY, NVYY, XBTY, AMYY, TQQY, AZYY, YSPY, MTYY, PLYY, HOYY, SMYY, BBYY, FBYY, IOYY, MAAY, NUGY, SEMY, QBY, RGYY, HMYY, RTYY, MUYY, TMYY, CWY, CRY, XEY, BIOY, FINY, TECY and FIYY as shown in the table below.

Distributions are not guaranteed

Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us at www.graniteshares.com.

¹ The Distribution Rate shown is based on the NAV per share as of August 19, 2026, adjusted for corporate actions. The Distribution Rate is the annual rate an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return to the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV adjusted for corporate actions.

² The 30-Day SEC Yield represents the net investment income (excluding option income) earned by the ETF over the 30-day period ended July 31, 2026. It is expressed as an annualized percentage rate based on the ETF’s share price at the end of that period. This metric does not reflect the total income generated by the fund, as it excludes option premium income central to the YieldBOOST strategy.

³ Each GraniteShares YieldBOOST ETF seeks to generate income by selling put options on the underlying asset. While this strategy can generate attractive premiums, it generally caps the upside potential of the ETF. If the reference asset appreciates significantly, the ETF will not fully participate in those gains. However, if the reference asset declines in value, the ETF may experience losses that are not offset by the income received. Investors may be exposed to downside risk while forgoing upside participation.

⁴ ROC or Return of Capital indicates how much the distribution reflects an investor’s initial investment. The figures shown for each Fund in the table above are estimates based on the latest 19a1 forms and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Actual amounts and sources for tax reporting will depend upon the Fund’s investment activities during the remainder of the fiscal year and may be subject to changes based on tax regulations. Your broker will send you a Form 1099-DIV for the calendar year to tell you how to report these distributions for federal income tax purposes.

⁵ Ex-Date: The first day an ETF trades without the right to receive the upcoming distribution

⁶ Record Date: The cut-off date set by the company to determine which ETF holders are eligible to receive the distribution

⁷ Payment Date: Date on which the distribution is paid to eligible ETF holders.

Fund shareholders are not entitled to any distribution paid by the Underlying ETFs.

GraniteShares Advisors LLC has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (exclusive of any (i) interest, (ii) brokerage fees and commission, (iii) acquired fund fees and expenses, (iv) fees and expenses associated with instruments in other collective investment vehicles or derivative instruments (including for example options and swap fees and expenses), (v) interest and dividend expense on short sales, (vi) taxes, (vii) other fees related to underlying investments (such as option fees and expenses or swap fees and expenses), (viii) expenses incurred in connection with any merger or reorganization or (ix) extraordinary expenses such as litigation) will not exceed 1.15%. This agreement is effective until December 31, 2026, and it may be terminated before that date only by the Trust’s Board of Trustees. GraniteShares Advisors LLC may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date such fees and expenses were waived or paid, if such reimbursement will not cause the Fund’s total expense ratio to exceed the expense limitation in place at the time of the waiver and/or expense payment and the expense limitation in place at the time of the recoupment.

This website and its content have been provided by GraniteShares.

Fund is newly launched and has risks associated with its limited operating history.

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. Performance current to the most recent month-end can be obtained by calling (844) 476 8747.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a Prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747 or. Read the prospectus or summary prospectus carefully before investing.

The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.

An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as option contracts and swaps are subject to market risks that may cause their price to include Risk of the Underlying ETF, Derivatives Risk, Affiliated Fund Risk, Put Writing Strategy Risk, Option Market Liquidity Risk, Counterparty Risk, Distribution Risk, & NAV Erosion Risk Due to Distribution. These and other risks can be found in the prospectus.

There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

An Investment in the Fund is not an investment in the Underlying ETFs

- The Fund’s strategy will cap its potential gain if the Underlying ETFs share increases in value.
- The Fund’s strategy is subject to all potential losses if the Underlying ETFs share decline, which may not be offset by the income received by the Fund,
- The Fund does not invest directly in the Underlying ETFs,
- Fund shareholders are not entitled to any distribution paid by Underlying ETFs.

This information is not an offer to sell or a solicitation of an offer to buy the shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

THE FUNDS ARE DISTRIBUTED BY ALPS DISTRIBUTORS, INC. GRANITESHARES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

©2026 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares ETFS, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

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GraniteShares Announces Weekly Distributions for its YieldBOOST FoFs ETFs: YBST and YBTY

GraniteShares — Fri, 14 Aug 2026 17:09:22 GMT

New York, Aug. 14, 2026 (GLOBE NEWSWIRE) -- GraniteShares today announced the weekly distributions for its GraniteShares YieldBOOST FoFs ETFs: YBST and YBTY as shown in the table below.

Distributions are not guaranteed

Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us at www.graniteshares.com.

¹ The Distribution Rate shown is based on the NAV per share as of August 13, 2026, adjusted for corporate actions. The Distribution Rate is the annual rate an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return to the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV adjusted for corporate actions.