Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

BTCC vs EHCC: which paid, and which earned it?

BTCC and EHCC both write options for income.

Grayscale Bitcoin Covered Call ETF and Global X Ethereum Covered Call ETF.

29.0%BTCC cash paid, 1 year
13.6%EHCC cash paid, 1 year
−32.5%BTCC total return, 1 year
+12.2%EHCC total return, 1 year
BTCC1.4 pts behind IBIT · 1 year to Sep 18, 2026
IBIT−31.1%BTCC−32.5%1.4 pts behind IBITTotal return, distributions reinvestedIBIT−31.1%BTCC−32.5%1.4 pts behind IBIT
EHCC15.2 pts behind ETHA · since launch to Sep 18, 2026
ETHA+27.4%EHCC+12.2%13.6% as cash15.2 pts behind ETHATotal return, distributions reinvestedETHA+27.4%EHCC+12.2%15.2 pts behind ETHA

What they hold in common

By the books each fund has filed, BTCC and EHCC hold 0% of their money in the same securities at the same weight.

Only in each
Only in BTCCOnly in EHCC
TREASURY BILL 100.00%CASH 52.60%
2ETHA 10/30/2026 C10 48.12%
4ETHA 10/30/2026 C10 1.77%
2ETHA 10/30/2026 P10 -0.15%
OTHER PAYABLE & RECEIVABLES -0.60%
4ETHA 09/25/2026 C20.32 -0.68%
4ETHA 09/25/2026 C18.84 -1.06%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.

Performance, window by window

BTCC and EHCC over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
BTCCEHCCBTCCEHCCBTCCEHCC
3 months+12.8%+32.8%10.4%8.8%−16.4 pts−21.9 pts
6 months+4.3%not published20.2%not published−11.4 ptsnot published
1 year−32.5%not published29.0%not published−1.4 ptsnot published
Since launch−17.7%+12.2%53.5%13.6%−10.8 pts−15.2 pts
Open the live comparison on ETFIQ
BTCC and EHCC on the same fields, as of Sep 18, 2026. Source: ETFIQ.
BTCC
Grayscale Bitcoin Covered Call ETF
Covered call on IBIT, paying monthly
EHCC
Global X Ethereum Covered Call ETF
Covered call on ETHA, paying weekly
IssuerGrayscaleGlobal X
Strategycovered callcovered call
BenchmarkBitcoin (IBIT)Ether (ETHA)
Paysmonthlyweekly
Payout rate, annualized20.2%33.6%
Expense ratio0.65%0.75%
Cash paid, 1 year29.0%13.6% (since launch on Apr 2, 2026)
Price change, 1 year−59.1%−3.4%
Total return, 1 year−32.5%+12.2% (since launch on Apr 2, 2026)
Benchmark return, 1 year−31.1%+27.4%
Ahead or behind−1.4 pts−15.2 pts
Return of capital, latest estimatenot published100%
Age534 days169 days
Net assets$13m$1m

BTCC in plain words

Over the year to Sep 18, 2026, BTCC paid 29.0% of its starting value in cash distributions while its price fell 59.1%. With every distribution reinvested, the fund returned −32.5%. Bitcoin (IBIT) returned −31.1% over the same days, so a holder was behind by 1.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.2%, paid monthly.

EHCC in plain words

Over the period since launch on Apr 2, 2026 to Sep 18, 2026, EHCC paid 13.6% of its starting value in cash distributions while its price fell 3.4%. With every distribution reinvested, the fund returned +12.2%. Ether (ETHA) returned +27.4% over the same days, so a holder was behind by 15.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 33.6%, paid weekly. Global X estimates that 100% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which is cheaper, BTCC or EHCC?
BTCC charges 0.65% a year and EHCC charges 0.75%, so BTCC is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

BTCC against EHCC, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BTCC against EHCC, data as of Sep 18, 2026. https://etfiq.com/compare/income/btcc-vs-ehcc Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources