Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

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

Over the year ETCO paid 35.2% of its price in cash against BTCC’s 29.0%, though BTCC returned more with it reinvested.

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

29.0%BTCC cash paid, 1 year
35.2%ETCO cash paid, 1 year
−32.5%BTCC total return, 1 year
−47.4%ETCO total return, 1 year

ETFIQ Return Stability Score: BTCC scores higher

Was the payout funded by returns, or by your own capital?

BTCC 29.8ETCO 23.13.8, the lowest in this set96.8, the highest

A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

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
ETCO4.8 pts behind ETHA · 1 year to Sep 18, 2026
ETHA−42.6%ETCO−47.4%4.8 pts behind ETHATotal return, distributions reinvestedETHA−42.6%ETCO−47.4%4.8 pts behind ETHA

What they hold in common

By the books each fund has filed, BTCC and ETCO hold 100% of their money in the same securities at the same weight.

Positions BTCC and ETCO both hold, largest shared weight first
HoldingBTCCETCO
TREASURY BILL100.00%100.00%

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.

Performance, window by window

BTCC and ETCO over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
BTCCETCOBTCCETCOBTCCETCO
3 months+12.8%+18.4%10.4%11.7%−16.4 pts−36.3 pts
6 months+4.3%−1.3%20.2%22.6%−11.4 pts−25.1 pts
1 year−32.5%−47.4%29.0%35.2%−1.4 pts−4.8 pts
Since launch−17.7%−43.1%53.5%38.1%−10.8 pts−4.7 pts
Open the live comparison on ETFIQ
BTCC and ETCO on the same fields, as of Sep 18, 2026. Source: ETFIQ.
BTCC
Grayscale Bitcoin Covered Call ETF
Covered call on IBIT, paying monthly
ETCO
Grayscale Ethereum Covered Call ETF
Covered call on ETHA, paying monthly
IssuerGrayscaleGrayscale
Strategycovered callcovered call
BenchmarkBitcoin (IBIT)Ether (ETHA)
Paysmonthlymonthly
Payout rate, annualized20.2%19.8%
Expense ratio0.65%0.65%
Cash paid, 1 year29.0%35.2%
Price change, 1 year−59.1%−75.5%
Total return, 1 year−32.5%−47.4%
Benchmark return, 1 year−31.1%−42.6%
Ahead or behind−1.4 pts−4.8 pts
Return of capital, latest estimatenot publishednot published
Age534 days379 days
Net assets$13m$4m

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.

ETCO in plain words

Over the year to Sep 18, 2026, ETCO paid 35.2% of its starting value in cash distributions while its price fell 75.5%. With every distribution reinvested, the fund returned −47.4%. Ether (ETHA) returned −42.6% over the same days, so a holder was behind by 4.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.8%, paid monthly.

Questions people ask

Which paid more, BTCC or ETCO?
Over the year to Sep 18, 2026, BTCC paid 29.0% of its starting price in cash and ETCO paid 35.2%, so ETCO paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BTCC or ETCO?
With every distribution reinvested, BTCC returned −32.5% and ETCO returned −47.4% over the year to Sep 18, 2026, so BTCC returned more.
Which is cheaper, BTCC or ETCO?
BTCC charges 0.65% a year and ETCO charges 0.65%, 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 ETCO, 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 ETCO, data as of Sep 18, 2026. https://etfiq.com/compare/income/btcc-vs-etco Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources