{
 "ticker": "ETCO",
 "name": "Grayscale Ethereum Covered Call ETF",
 "issuer": "Grayscale",
 "desk": "income",
 "url": "https://etfiq.com/funds/etco",
 "html": "https://etfiq.com/funds/etco",
 "markdown": "https://etfiq.com/funds/etco.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, ETCO paid 35.2% in cash and still finished 4.8 points behind ETHA.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "35.2%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ETCO, cash paid, 1 year, on its starting price: 35.2%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u221247.4%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ETCO, total return, 1 year: \u221247.4%, as of Sep 18, 2026."
  },
  {
   "key": "against_etha",
   "label": "Against ETHA",
   "value": "\u22124.8 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ETCO, against ETHA: \u22124.8 pts, as of Sep 18, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "19.8%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ETCO, latest payout, annualized: 19.8%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-18",
   "sentence": "ETCO, net assets: $4m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-09-18",
   "sentence": "ETCO, expense ratio: 0.65% (485BPOS XBRL, Apr 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Ether (ETHA) (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "19.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "143.7%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 4, 2025",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "11.7%",
   "Price": "+5.2%",
   "Total return": "+18.4%",
   "ETHA": "+54.7%",
   "Ahead or behind": "\u221236.3 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "22.6%",
   "Price": "\u221225.1%",
   "Total return": "\u22121.3%",
   "ETHA": "+23.7%",
   "Ahead or behind": "\u221225.1 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "35.2%",
   "Price": "\u221275.5%",
   "Total return": "\u221247.4%",
   "ETHA": "\u221242.6%",
   "Ahead or behind": "\u22124.8 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "38.1%",
   "Price": "\u221273.5%",
   "Total return": "\u221243.1%",
   "ETHA": "\u221238.3%",
   "Ahead or behind": "\u22124.7 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has ETCO paid over the last year?",
   "a": "Over the year to Sep 18, 2026, ETCO paid 35.2% of its starting price in cash distributions, while the price fell 75.5%."
  },
  {
   "q": "Is ETCO ahead of ETHA?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, ETCO returned \u221247.4% against \u221242.6% for Ether (ETHA), so a holder was behind it by 4.8 points."
  },
  {
   "q": "How often does ETCO pay, and how much?",
   "a": "ETCO pays monthly. The latest distribution annualizes to 19.8% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "What does ETCO cost?",
   "a": "The prospectus expense ratio is 0.65% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}