Grayscale Ethereum Covered Call ETF
CThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$7.62+0.07 (+0.93%)
- 0.65%
- $4M
- −42.9%
- 117.79%
- 5.53K sh
- low $7.50high $25.62
The ETF.net ETCO Grade
C
Score 40 out of 100
- 12 of 22
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 55
- This cap took
- −15
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.A90 out of 100Rank 1 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D30 out of 100Rank 17 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F13 out of 100Rank 21 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C47 out of 100Rank 15 of 22
Our read on ETCO
In short
CGrayscale's crypto income shelf is mostly Bitcoin. ETCO is the Ether one: it sells calls on Grayscale's own ETH trusts instead of holding the coin, pays twice a month, and charges 0.65%.
Stated mandate
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
Worth knowing
ETCO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
ETCO$5,712
Returns run to the Nov 2, 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 | −32.8% |
| 1 month | −11.7% |
| 3 months | +2.9% |
| 1 year | −42.9% |
| 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 | −32.8% | |
| 2025 | −24.5% |
ETCO in the news
ETCO Dividends
- 117.79%
- $8.98
- $0.13 per share
- Irregular
ETCO Risk
- 41.8%
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.
- −1.32
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.
- 0.74
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
ETCO Cost
Tied cheapest in Crypto Option Income
$12,717
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
ETCO 0.65%
$12,717
Cost over time
Year by year
| Year | ETCO |
|---|---|
| 10 | $1,163 |
| 20 | $4,440 |
| 30 | $12,717 |
Other funds in Crypto Option Income
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- CEHYAmplify Ethereum Max Income Covered Call ETFExpense ratio 0.75%1 year return −51.5%
- CETTYAmplify Ethereum 3% Monthly Option Income ETFExpense ratio 0.75%1 year return −48.0%
- CLFGYYieldMax Crypto Industry & Tech Portfolio Option Income ETFExpense ratio 1.02%1 year return −29.6%
- CSOLMAmplify Solana 3% Monthly Option Income ETFExpense ratio 0.75%1 year return
