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NEHINEOS Ethereum High Income ETF

Get incomeNewRanked #1,288 of 1,650 in this goal

Seeks to generate high monthly income with the potential for appreciation based on exposure to Ether.

By Neos Funds · Launched 2025

Annual Cost

0.98%

#5,069 of 5,861 · expensive

Fund Size

$63M

#3,419 of 5,861 · mid-size

Dividend YieldGoal

—

Track Record

8 months

#4,934 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$6,291-37.1%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 100.0% of fundconcentrated

United States Treasury Bill
95.1%
iShares Ethereum Trust ETF
23.6%
N/AETHE 4 C16
3.1%
First American Treasury Obliga
0.5%
N/AETHA 4 C23
0.1%
Northern US Government Select
0.0%
N/AETHA 4 C18
-0.4%
N/AETHA 4 C17
-0.8%
N/AETHE 4 P16
-1.1%
N/AETHA 4 P23
-20.1%

Asset allocation

Cash
80.7%
Other
38.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-50.1%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to generate high monthly income with the potential for appreciation based on exposure to Ether.
Strategy
Actively manages an ETF that invests in exchange-traded spot Ether ETPs and employs an options strategy involving writing puts and buying calls on Ether-related instruments to generate income. The Fund aims to provide high monthly income while gaining exposure to Ether through these strategies.
Inception date
December 2, 2025
Fund family
Neos Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

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 2026-08-04