Grayscale Ethereum Covered Call ETF
$9.13−0.03 (−0.32%)
- Expense ratio
- 0.66%
- Fund size
- $4M
- 1Y return
- −41.9%
- Yield · Last 12 months
- Data unavailable
- Holdings
- 6
- Volume · 30D
- 0M sh
- NAV per share
- $9.18
- 52W range
The ETF.net ETCO Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 90Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 25Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 9Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 46Category rank
Our read on ETCO
CMost crypto income funds are bitcoin plays. ETCO writes calls on Ethereum ETPs instead, hunting current income from ether's option premiums while keeping a slice of the price moves, at a fee below its peer group's median.
The actively managed ETF seeks current income through indirect exposure to Ether returns via options on Ethereum ETPs. It uses a synthetic covered-call strategy, selling calls to generate income while retaining participation in the ETPs’ price movements.
Why people hold it
- At 0.66%, the fee undercuts the typical crypto options-income fund and matches Grayscale's bitcoin sibling BTCC; REX's CEPI charges 0.85%.
- Sells calls for income but retains participation in the Ethereum ETPs' price movements, so a rally is not entirely signed away.
- Actively managed, so the call writing is a manager's call rather than a fixed index rule.
- Income lands on a recurring schedule instead of one annual lump.
Worth knowing
- Exposure is synthetic: options on Ethereum ETPs (ETHE and ETH), not ether itself, which puts a derivatives layer between the fund and the coin.
- Writing calls trades away part of the upside while ether's drawdowns still flow through. Income is the payoff, not a cushion.
- A small, thinly traded fund launched in 2025: spreads can run wider than at the category's largest names, and the track record is short.
ETCO Holdings
- Other
- 6
- 106%
- United States Treasury Bill 10/08/2026
ETCO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ETCO |
|---|---|
| Year to date | −23.9% |
| 1 month | +7.4% |
| 3 months | +16.5% |
| 1 year | −41.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ETCO |
|---|---|---|
| 2026 YTD | −23.9% | |
| 2025 | −24.5% |
ETCO in the news
ETF.net Research hasn’t filed on ETCO yet — coverage lands here as it’s written.
ETCO Dividends
- $0.15 per share
- Irregular
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 14, 2026 | Sep 15, 2026 | $0.15 |
| Aug 28, 2026 | Aug 31, 2026 | $0.15 |
| Aug 13, 2026 | Aug 14, 2026 | $0.11 |
| Jul 30, 2026 | Jul 31, 2026 | $0.21 |
| Jul 14, 2026 | Jul 15, 2026 | $0.19 |
| Jun 29, 2026 | Jun 30, 2026 | $0.20 |
| Jun 12, 2026 | Jun 16, 2026 | $0.22 |
| May 28, 2026 | May 29, 2026 | $0.26 |
| May 14, 2026 | May 15, 2026 | $0.28 |
| Apr 29, 2026 | Apr 30, 2026 | $0.29 |
| Apr 14, 2026 | Apr 15, 2026 | $0.31 |
| Mar 30, 2026 | Mar 31, 2026 | $0.38 |
ETCO Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −59.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ETCO Cost
- The middle half of Crypto Option Income funds
- Median 0.85%
2 of the 21 Crypto Option Income funds charge less.