IQ

ETCO Grayscale Ethereum High Income ETF

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$7.98
+3.1% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Nov 4, 2026, ETCO paid 40.5% in cash and lost 29.6% in total, against −24.7% for Ether.

Why did ETCO return −29.6% over one year, against Ether’s −24.7%?Is ETCO’s payout of 19.6% a year sustainable?What does ETCO cost to hold and to trade?
Covered call on Ether, paying monthlyGrayscale ↗Expense ratio 0.65%Fund assets $3.5m net assets, latest filing (Jun 30, 2026)First traded Sep 4, 2025Benchmark Ether (ETH-USD)SEC filings ↗Every Grayscale fund ETFIQ coversDividend history

Promise check: MissedOver the year to Nov 4, 2026, ETCO paid 40.5% in cash and returned −29.6% in total, covering −73.1% of its payout.

Compare with…Trading costsPut to the committeeaskIQ about ETCOAdd to portfolioFlowsAlerts

ETCO risk and return scorecard

vs Ether (ETH-USD)

Not measured: no ETF prices its benchmark (coin).

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
Since Sep 2025
+$12.0m
askIQ: what do these flows mean? ↗

What you earned

ETCO −8.5%, Ether −10.7%: total return over one month to Nov 4, 2026.
ETCO−8.5%
Ether−10.7%
Paid 3.5% in cash. Price −12.0%.
ETCO +4.4%, Ether +26.3%: total return over three months to Nov 4, 2026.
ETCO+4.4%
Ether+26.3%
Paid 10.7% in cash. Price −6.1%.
ETCO −16.4%, Ether +3.0%: total return over six months to Nov 4, 2026.
ETCO−16.4%
Ether+3.0%
Paid 18.5% in cash. Price −35.0%.
ETCO −29.7%, Ether −18.6%: total return over the year to Nov 4, 2026.
ETCO−29.7%
Ether−18.6%
Paid 29.8% in cash. Price −57.6%.
ETCO −29.6%, Ether −24.7%: total return over one year to Nov 4, 2026.
ETCO−29.6%
Ether−24.7%
Paid 40.5% in cash. Price −64.0%.
ETCO −46.9%, Ether −43.4%: total return since launch to Nov 4, 2026.
ETCO−46.9%
Ether−43.4%
Paid 39.5% in cash. Price −76.7%.
askIQ: why did ETCO return −29.6% over one year, against Ether’s −24.7%? ↗

What it paid

13 distributions · latest Oct 29, 2026
40.5%
Cash paid, 1 year, on its starting price
Report
−29.6%
Total return, 1 year
Report
−4.9 pts
Against Ether
Report
19.6%
Latest payout, annualized on today’s price
Report
$0.1305
Last payment (paid monthly), ex-date Oct 29, 2026
Report
Pays monthly.
askIQ: is ETCO’s payout of 19.6% a year sustainable? ↗

More on ETCO

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Price and total return, 1 year

$7.98+3.1%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

ETCO returns by window: total return, cash paid and price change
WindowTotal returnCash paidPriceEtherAhead or behind
1M Oct 5 – Nov 4, 2026−8.5%3.5%−12.0%−10.7%+2.2 pts
3M Aug 5 – Nov 4, 2026+4.4%10.7%−6.1%+26.3%−21.9 pts
6M May 6 – Nov 4, 2026−16.4%18.5%−35.0%+3.0%−19.4 pts
YTD Dec 31, 2025 – Nov 4, 2026−29.7%29.8%−57.6%−18.6%−11.1 pts
1Y Nov 4, 2025 – Nov 4, 2026−29.6%40.5%−64.0%−24.7%−4.9 pts
Since launch Sep 4, 2025 – Nov 4, 2026−46.9%39.5%−76.7%−43.4%−3.5 pts
Since launch, annualised Sep 4, 2025 – Nov 4, 2026−41.9%––––

Total returns, distributions reinvested. Listed Sep 2025: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where the return came from
Price change −12.0%Cash paid +3.5%, reinvested+2.2 pts vs Ether

0.0%

Price change −6.1%Cash paid +10.7%, reinvested−21.9 pts vs Ether

0.0%

Price change −35.0%Cash paid +18.5%, reinvested−19.4 pts vs Ether

0.0%

Price change −64.0%Cash paid +40.5%, reinvested−4.9 pts vs Ether

0.0%

Price change −76.7%Cash paid +39.5%, reinvested−3.5 pts vs Ether

0.0%

6.3
IQ Income ScoreETFIQ Distribution Coverage Score157th of 167 · Nov 4, 2026
0.3 · lowest of 167 income ETFs not writing on a single company99.7 · highest

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

ETCO paid 40.5% in cash over the year while its total return was −29.6%, so it paid out more than it returned.

total return as a share of the cash paid−73.1% · 6th pct
All 167 ranked by this score →

Money in and out

Monthly data · as of Jun 30, 2026

ETCO: in the month to Jun 30, 2026, net $267k came in, by its SEC filing.

Since Sep 2025
+$12.0m
Sep 1, 2025 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions ETCO files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for ETCO, back to Sep 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare ETCO with other funds in the flows tool

Month by month, money in and money outSep 2025 to Jun 2026

ETCO, money in and money out each month from Sep 2025 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from ETCO’s SEC filings (N-PORT item B.6). Of the 10 months listed, money came in on net in 7 and went out in 3.

Every bar is from ETCO’s SEC filings (N-PORT item B.6). Of the 10 months listed, money came in on net in 7 and went out in 3.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$267k$0+$267k
May 2026 SEC Form N-PORT+$239k−$122k+$117k
Apr 2026 SEC Form N-PORT+$228k$0+$228k
Mar 2026 SEC Form N-PORT+$125k−$245k−$121k
Feb 2026 SEC Form N-PORT$0−$468k−$468k
Jan 2026 SEC Form N-PORT+$2.1m$0+$2.1m
Dec 2025 SEC Form N-PORT+$796k$0+$796k
Nov 2025 SEC Form N-PORT+$400k−$1.4m−$1.0m
Oct 2025 SEC Form N-PORT+$5.1m$0+$5.1m
Sep 2025 SEC Form N-PORT+$6.7m−$1.8m+$4.9m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

ETCO key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$24.52 on Nov 10, 2025
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$7.55 on Oct 30, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$7.98, 3% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)0.69, against ether
R-squared, the same days (ETFIQ)0.87
Beta and R-squared measured over251 daily total returns, Nov 5, 2025 to Nov 4, 2026
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

ETCO return of capital and tax

Return of capital, fiscal year to Dec 31, 2025 (annual report, filed Mar 9, 2026)100.0%
Options it writes (holdings as of Jun 30, 2026)Options on ETF shares, which are not Section 1256 contracts
Rule 19a-1 noticesnot read by ETFIQ
The fiscal year number is the annual report’s tax character. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Mar 16, 2026
Trading · ETCOas of Mar 16, 2026
·
Not scored1 of 6 measured · Mar 16, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

ETCO for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
ETCO interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

ETCO is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Apr 2026Monthly, per shareOct 2026

13 distributions for ETCO, $0.11 to $0.2878 a share and $0.1911 in the middle, Apr 29, 2026 to Oct 29, 2026. 3 further ex-dates are expected with no amount the issuer has declared, so they are not drawn.

Latest
$0.1305
Ex Oct 29, 2026 · paid about 2 days later
Annualized
19.6%
At its price on Nov 4, 2026
Trailing 12 months
112.5%
24 payments, ex Nov 13, 2025 to Oct 29, 2026: $8.9754
Return of capital
Not published
No Rule 19a-1 notice has been published for this fund
Next, projected

ETCO pays monthly. The last distribution was $0.1305 a share, which went ex on Oct 29, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 15 days the ex-date falls near Nov 13, 2026; that date is an ETFIQ projection, not the issuer’s.

Nov 13, 2026 · pay Nov 16, 2026$0.1305 ETFIQ projection
Nov 30, 2026 · pay Dec 2, 2026$0.1305 ETFIQ projection
Dec 15, 2026 · pay Dec 17, 2026$0.1305 ETFIQ projection

Expected distributions for ETCO. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.

Every income ETF going ex-dividend in the next 14 days →
Every distribution ETFIQ holds for ETCO (13, most recent first)
Oct 29, 2026$0.1305
Oct 14, 2026$0.1854
Sep 29, 2026$0.1851
Sep 14, 2026$0.1497
Aug 28, 2026$0.1466
Aug 13, 2026$0.11
Jul 30, 2026$0.2058
Jul 14, 2026$0.1911
Jun 29, 2026$0.2031
Jun 12, 2026$0.2238
May 28, 2026$0.2599
May 14, 2026$0.275
Apr 29, 2026$0.2878

Cash distributions per share for ETCO. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

How much of what it paid out did its total return cover?

Total return as a share of the cash paid
SOLM −272.3%DFII −170.6%BITY −165.1%BLOX −148.3%ETTY −140.1%BAGY −133.6%EHY −121.4%BTCI −113.7%YBTC −83.7%KLIP −78.8%LFGY −63.4%XBTY −62.8%BTCC −62.7%, and 4 more at this point: YBIT −61.9%, BCCC −61.8%, LTTI −57.8%, TLTI −53.4%YETH −62.7%EGGY −41.4%FDND −35.6%ULTY −27.0%TQQY −18.7%TLTP −18.5%TLTW −8.2%OARK −7.8%, and 4 more at this point: GLDW −7.7%, LQTI −7.0%, MAGY −6.3%, YMAX −3.7%IAUI −2.4%IGLD −0.5%, and 2 more at this point: CEPI 1.5%, XLCI 6.3%HISF 8.0%XLYI 11.2%, and 1 more at this point: QUSA 13.0%GDXY 14.5%YMAG 17.4%, and 1 more at this point: LQDW 21.2%YQQQ 24.6%, and 1 more at this point: QLDY 25.8%IWMY 27.6%, and 2 more at this point: GPTY 30.2%, GIAX 30.3%QRMI 31.9%, and 2 more at this point: QDTY 32.9%, BNDI 33.3%XLRI 34.9%, and 7 more at this point: YSPY 35.3%, HYTI 36.0%, HYGW 37.1%, GDXW 37.7%, OVB 39.1%, QDTE 39.5%, XLUI 39.7%QQQY 45.5%ACKY 45.7%HYBI 50.0%, and 1 more at this point: WDTE 50.5%RDTY 53.4%, and 9 more at this point: OVT 54.7%, RDTE 55.2%, BIGY 56.5%, OVM 57.1%, XDTE 57.3%, ACEI 58.1%, SDTY 59.0%, XLKI 59.6%, YFYA 59.6%QQQI 64.0%SLJY 67.6%XPAY 71.1%IWMW 71.2%, and 3 more at this point: TDAQ 71.4%, XRMI 73.1%, XLFI 75.7%JUCY 80.0%, and 1 more at this point: RNTY 82.3%IVVW 84.6%, and 3 more at this point: XLII 85.7%, CAIE 85.9%, QYLG 86.2%JEPQ 87.4%WEEL 90.5%, and 5 more at this point: CHPY 90.6%, WTPI 90.8%, FTHI 91.0%, OMAH 91.8%, TSPY 95.0%JULJ 96.4%, and 5 more at this point: TCAL 98.2%, XIJN 98.6%, APRJ 100.0%, CSHI 100.0%, LAPR 100.0%LJUL 101.9%, and 2 more at this point: JULH 102.1%, DRKY 103.3%JANJ 104.0%, and 5 more at this point: LJAN 104.1%, JANH 104.8%, XIDE 104.8%, KHPI 105.6%, APRH 106.3%FGSI 108.4%, and 4 more at this point: USOY 108.5%, IQQQ 108.8%, OCTJ 109.4%, LOCT 111.5%XIMR 112.9%, and 5 more at this point: RYLD 113.1%, XISE 114.8%, OCTH 115.4%, SPYI 115.7%, XLBI 116.4%GPIQ 119.3%XYLG 122.8%, and 1 more at this point: IWMI 124.0%SCLZ 124.7%XLSI 130.4%, and 1 more at this point: QYLD 134.1%NIHI 136.1%, and 3 more at this point: FTQI 136.4%, DJIA 137.6%, PBP 138.5%OEI 140.2%OVF 141.1%JEPI 148.1%, and 3 more at this point: XYLD 148.6%, BUYW 149.2%, RYLG 149.5%XLVI 159.2%FTKI 162.4%CVRD 164.9%NBOS 173.6%, and 1 more at this point: OVL 173.7%XLEI 175.8%, and 1 more at this point: GPIX 177.3%ISPY 182.3%SPIN 182.4%SDVD 194.8%HCOW 200.8%SEPI 201.1%SRHR 204.3%, and 3 more at this point: IDVO 207.5%, MDST 209.3%, BALI 209.5%SPUT 222.9%DIVO 223.5%TDVI 224.1%OVS 233.6%, and 1 more at this point: KNG 236.4%YLDE 240.5%RDVI 241.8%ITWO 251.2%SOXY 254.4%WEEI 259.2%DOGG 277.3%EIPI 283.1%PAPI 285.4%IDUB 356.4%VEGA 653.8%DUBS 808.7%SIXH 1,119.0%JOYT 1,622.2%OVLH 2,333.3%ETCO −73.1%ETCO −73.1%−272.3%2,333.3%
−272.3% to 2,333.3% across 167

That is the share of the 167 income ETFs not writing on a single company sitting at or below ETCO.

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Total return as a share of the cash paid: −73.1% · 6th pct, −272.3% to 2,333.3% across 167.

Covered the mostOne bar per fund · ETCO in whiteCovered the least
All income ETFs ranked by this score →

About ETCO

Strategycovered call
BenchmarkEther (ETH-USD)
How the benchmark is set (ETFIQ)Its prospectus says it is built on Ether (prospectus, Form 497, accession 0001213900-26-072486, filed 2026-06-26).
Paysmonthly
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$3.5mReport
Latest payout, annualized (ETFIQ)19.6%
Expense ratio (485BPOS XBRL, Apr 30, 2026)0.65%Report
Cash paid, last 12 months, over today’s price (ETFIQ)112.5%
First tradedSep 4, 2025
Paysmonthly
Typical gap between ex-dates15 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.1305 ex Oct 29, 2026
Cash paid in the 12 months to Nov 4, 2026, 24 distributions, ex Nov 13, 2025 to Oct 29, 2026$8.9754
How we measure
Every number is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. Method
IQ Investment Committee on ETCO

12 seats on ETCO, as of Nov 4, 2026: 1 Mixed, 5 Challenges, 6 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put ETCO to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about ETCO

How much has ETCO paid over the last year?
Over the year to Nov 4, 2026, ETCO paid 40.5% of its starting price in cash distributions, while the price fell 64.0%.
Is ETCO ahead of Ether?
Over the year to Nov 4, 2026, with every distribution reinvested, ETCO returned −29.6% against −24.7% for Ether (ETH-USD), so a holder was behind it by 4.9 points.
How often does ETCO pay, and how much?
ETCO pays monthly. The latest distribution annualizes to 19.6% at its price on Nov 4, 2026, which is not a promise; the next one can differ.
When does ETCO next pay a distribution?
ETCO pays monthly. The last distribution went ex on Oct 29, 2026 at $0.1305 a share. The next is not declared; on a cadence of about 15 days the ex-date falls near Nov 13, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does ETCO cost?
The prospectus expense ratio is 0.65% a year.
Sources and dates
Prices, ETCO and EtherTiingo end-of-day · Nov 4, 2026
Fee, 0.65%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $3.5mSEC filing, whole fund · Jun 30, 2026
DistributionsTiingo end-of-day · 13 payments
All fund filingsFund filings on SEC EDGAR ↗
IssuerGrayscale website ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, ETCO, income ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/etco

The payout bar for ETCO, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return
Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.
Autocallable
A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.
Barrier
The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.
Full definitions: income ETFs vocabulary page. →
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ETCO: ETCO over 1 year: paid 40.5%, price −64.0%, total −29.6%, Ether −24.7%, −4.9 pts. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/income/etco/" title="ETCO: ETCO over 1 year: paid 40.5%, price −64.0%, total −29.6%, Ether −24.7%, −4.9 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">ETCO: ETCO over 1 year: paid 40.5%, price −64.0%, total −29.6%, Ether −24.7%, −4.9 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/etco">ETFIQ</a></figcaption>
</figure>

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