The Yieldmax Coin Option Income Strategy ETF (CONY) closed at $14.15 on December 26, down 1.26% as the underlying asset, Coinbase Global, Inc. (COIN), experienced a 2.05% decline to $273.90. The downturn in Coinbase's stock is largely attributed to the broader weakness in the cryptocurrency market, with Bitcoin falling below $96,000 and dragging down other major cryptocurrencies like Ethereum and Solana. This decline is exacerbated by hawkish signals from the Federal Reserve, which have dampened investor sentiment and led to significant outflows from Bitcoin ETFs. Additionally, the expiration of $43 billion in Bitcoin and Ether derivatives on December 27 is expected to increase short-term volatility, further pressuring the market.