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2w ago

Grayscale Debuts Ethereum Covered Call ETF ETCO on NYSE Arca

The actively managed fund seeks to turn ETH-linked volatility into biweekly income by selling call options on Ethereum ETPs.

Grayscale launches ethereum covered call etf as money rushes into eth funds
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Overview

  • ETCO began trading on Sept. 4 on NYSE Arca as an options-based, covered-call ETF focused on generating current income.
  • The fund does not hold Ether directly and instead writes call options on Ethereum exchange-traded products, including Grayscale’s ETHE and ETH.
  • Distributions are targeted twice monthly on the 15th and 30th, positioning the product as an income-first complement to spot ETH exposure.
  • At launch, ETCO reported a $35.01 NAV with 40,000 shares outstanding and roughly $1.4 million in assets under management.
  • The rollout follows strong ETH performance and August inflows into spot ETH ETFs, while recent data showed early-September outflows; disclosures highlight capped upside, options complexity, liquidity constraints, and no guarantee of achieving objectives.