ETCOGrayscale Ethereum Covered Call ETF
Seeks to provide current income through exposure to Ethereum ETPs.
By Grayscale · Launched 2025
0.01%
#87 of 5,562 · low cost
$4M
#5,138 of 5,562 · small
—
9 months
#4,714 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 3 holdings = 19.8% of fund✓ well diversified
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide current income through exposure to Ethereum ETPs.
- Strategy
- Invests primarily in options on Ethereum ETPs, including Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF. Utilizes a synthetic covered call strategy by selling call options to generate income while maintaining indirect exposure to Ether.
- Inception date
- September 3, 2025
- Fund family
- Grayscale
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19