The numbers don’t support that in the slightest tho
Discussion
pretty short time frame, bitcoin price appreciation should outpace dividends significantly over the next few years and self custody bitcoin has significant less risk
The fund has only been around for 14 months which is a fair criticism or reason for caution.
That said it has performed significantly better than selling bitcoin for income, and better than bitcoin in total return terms with dividends reinvested over 14 months where we saw the price and volatility be all over the place.
I don’t blame anyone for wanting to see more data points, but performance has been pretty impressive.
And in my country dividends are taxed
And is selling bitcoin not taxed in your country?
msty is very bad performance when compared against mstr
Since inception, MSTY has decreased in price by roughly 13.22%, while MSTR has increased in price by more than 230%...
[O]nce you add back in dividends, MSTY underperformed MSTR by more than 90% over the last year alone
Honest questions:
1) Did you learn about MSTY today?
2) Did you look into it for more than 5 minutes?
MSTY is a product specifically designed to generate income, as the name ‘YieldMax MSTR Option Income Strategy ETF’ implies. Comparing the performance of an options income fund without including dividends to the underlying asset is either retarded or disingenuous. Comparing MSTY with dividends reinvested to MSTR is also stupid since they are two different products designed for different purposes.
MSTY started trading at ~$21.17 - $21.19. The stock closed at $22.89 today (+8%) and ~260% with drip on.
Idk where you got that 90% statistic. I encourage you to open up Excel and actually check for yourself, but if you can’t, then here are the numbers. A 0.5 BTC ($26k) investment into MSTY when the fund came out with DRIP would be worth ~$93.4k. An investment of the same size made on the same day in MSTR would be worth ~$133.8k. 0.5 BTC is ~$46.7k
If you want to say MSTR provides higher total returns, fine. No one and certainly not me is arguing that.
Discussions surrounding MSTY should be about its performance as an income-generating product. A better comparison is how MSTY compares to selling BTC for income, which has been a much better option so far.
well perhaps trading view is wildly incorrect and the charts i generated are wrong and you have found a error in the market. good luck!
There’s no “error” in the market. Anyone can use Yahoo Finance to look up historical data, look up the MSTY distributions and when they were paid out, and crunch the numbers in Excel.
But thanks 🙏🏼