GraniteShares YieldBOOST TSLA ETF (TSYY) is an actively managed exchange-traded fund that seeks current income through options strategies, primarily by selling put options on leveraged exchange-traded funds designed to deliver 2 times (200%) the daily performance of Tesla Inc. (NASDAQ: TSLA); it holds indirect exposure to these underlying leveraged TSLA ETFs, such as those tracking 2x long TSLA daily performance, subject to a cap on potential investment gains; the fund also invests in U.S. Treasury bills, cash equivalents, and broker sweep positions for collateral and liquidity. TSYY pays weekly distributions derived from option premiums, with a net expense ratio of 1.15%, and trades on the NASDAQ exchange. Launched on December 18, 2024, the ETF targets investors seeking high income alongside limited leveraged exposure to Tesla, a leading electric vehicle and energy storage company operating primarily in the United States, China, and other international markets.
GraniteShares YieldBOOST TSLA ETF operates within the broader GraniteShares YieldBOOST suite of ETFs, which applies systematic options-based income strategies to leveraged single-stock ETFs across high-growth sectors like technology, digital assets, and consumer health; GraniteShares, founded in 2016 and headquartered in New York City, issues these and other innovative ETPs globally on U.S., U.K., German, French, and Italian exchanges, managing over $11 billion in assets under management as of late 2025.
In recent developments, GraniteShares launched TSYY as the inaugural YieldBOOST product in December 2024, followed by rapid expansions including YieldBOOST ETFs on MSTR (MTYY) and PLTR (PLYY) in September 2025, MARA (MAAY) and IONQ (IOYY) in November 2025, RIOT (RTYY) and HIMS (HMYY) in December 2025, and fund-of-funds ETFs YBST and YBTY on December 16, 2025; these launches have driven the YieldBOOST platform's assets under management to over $649 million by late November 2025, reflecting strong investor demand for options income amid declining interest rates; the firm continues to innovate without reported acquisitions, partnerships, or funding rounds in 2024-2025.