COII was created on 2025-06-04 by REX Shares. The fund's investment portfolio concentrates primarily on financials equity. COII seeks to provide weekly distributions through a synthetic covered call strategy on Coinbase Global (COIN), while also aiming for 105% to 150% of COINs daily share price performance. The actively managed fund uses both standardized exchange-traded and FLEX options, collateralized by US treasuries.