YieldMax ABNB Option Income Strategy ETF (ABNY), an actively managed exchange-traded fund issued by Tidal Trust II, seeks to generate current monthly income and limited exposure to the share price of Airbnb, Inc. (ABNB) through a synthetic covered call strategy collateralized by cash and U.S. Treasurys; the fund employs both standardized exchange-traded options and FLEX options on ABNB, capping potential gains from price appreciation while exposing investors to full downside risk. Launched on June 24, 2024, ABNY trades on NYSE Arca and forms part of the YieldMax suite of over 40 option income ETFs managed by Tidal Investments LLC with sub-advisory from ZEGA Financial, LLC; the broader YieldMax platform, founded in 2022 with Tidal Trust II headquartered in Milwaukee, Wisconsin, targets retail and institutional investors seeking high-yield alternatives to traditional income vehicles in the consumer discretionary sector. Recent developments include the January 2025 integration of ZEGA Financial and Tidal teams to enhance trading capabilities and support platform expansion, alongside YieldMax's March 2025 launch of its first UCITS ETF (YMAG) in Europe via partnership with HANetf; in December 2025, the firm announced strategic portfolio refinements for select ETFs like ULTY and continued monthly distributions for ABNY, with the most recent on December 17 reflecting ongoing focus on income generation amid market volatility.