CONY Shareholders Lost 56.25% While Paying Tax on Their Own Money Back

Article claims a crypto-exchange proxy pitch touts a 78% yield, but argues the underlying fund effectively charges monthly fees while capping investors’ upside. It characterizes the setup as turning a bet on Coinbase (COIN) into a “slow leak,” implying underperformance versus expectations due to structure/fees rather than the headline yield.

Analysis

Article claims a crypto-exchange proxy pitch touts a 78% yield, but argues the underlying fund effectively charges monthly fees while capping investors’ upside. It characterizes the setup as turning a bet on Coinbase (COIN) into a “slow leak,” implying underperformance versus expectations due to structure/fees rather than the headline yield.