{
 "ticker": "IETH",
 "name": "Bitwise Ethereum Option Income Strategy ETF",
 "issuer": "Bitwise",
 "desk": "income",
 "url": "https://etfiq.com/funds/ieth",
 "html": "https://etfiq.com/funds/ieth",
 "markdown": "https://etfiq.com/funds/ieth.md",
 "as_of": "2026-07-31",
 "verdict": "Since it first traded on Oct 2, 2025, IETH paid 16.9% in cash and finished 6.9 points ahead of Ether.",
 "kept": {
  "since": "2026-07-31",
  "why": "closed",
  "sentence": "Closed on Jul 31, 2026. The exchange removed its listing on Aug 10, 2026. These are its last figures, as of the last day it traded. It is not in ETFIQ\u2019s rankings, scores or comparisons.",
  "lastTrade": {
   "date": "2026-07-31",
   "from": "its delisting record's last trading day"
  },
  "closed": {
   "closedAs": "unknown",
   "effective": "2026-08-10",
   "filed": "2026-08-10",
   "url": "https://www.sec.gov/Archives/edgar/data/1928561/000114336226000284/0001143362-26-000284-index.htm"
  }
 },
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "16.9%",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IETH, cash paid, since launch, on its starting price: 16.9%, as of Jul 31, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221251.6%",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IETH, total return, since launch: \u221251.6%, as of Jul 31, 2026."
  },
  {
   "key": "against_ether",
   "label": "Against Ether",
   "value": "+6.9 pts",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IETH, against Ether: +6.9 pts, as of Jul 31, 2026."
  },
  {
   "key": "last_payout_annualized",
   "label": "Last payout, annualized",
   "value": "6.3%",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IETH, last payout, annualized: 6.3%, as of Jul 31, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-07-31",
   "sentence": "IETH, expense ratio: 0.96% (485BPOS XBRL, Apr 30, 2026)."
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Ether (ETH-USD)",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IETH, benchmark: Ether (ETH-USD), as of Jul 31, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Ether (ETH-USD)",
   "source": null
  },
  {
   "key": "how_the_benchmark_is_set",
   "label": "How the benchmark is set",
   "value": "Its prospectus says it is built on Ether (prospectus, Form 485BPOS, accession 0001213900-26-049948, filed 2026-04-30).",
   "source": "ETFIQ"
  },
  {
   "key": "paid",
   "label": "Paid",
   "value": "monthly",
   "source": null
  },
  {
   "key": "last_payout_annualized",
   "label": "Last payout, annualized",
   "value": "6.3%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "cash_paid_its_last_12_months_over_its_last_price",
   "label": "Cash paid, its last 12 months, over its last price",
   "value": "46.8%",
   "source": "ETFIQ"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Oct 2, 2025",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "1.3%",
   "Price": "\u221217.0%",
   "Total return": "\u221215.7%",
   "Ether": "\u221219.0%",
   "Ahead or behind": "+3.3 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "4.8%",
   "Price": "\u221230.5%",
   "Total return": "\u221225.8%",
   "Ether": "\u221230.3%",
   "Ahead or behind": "+4.5 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "16.9%",
   "Price": "\u221263.9%",
   "Total return": "\u221251.6%",
   "Ether": "\u221258.5%",
   "Ahead or behind": "+6.9 pts"
  }
 ],
 "questions": [
  {
   "q": "How much did IETH pay over its life?",
   "a": "Over the period from its first trade on Oct 2, 2025 to Jul 31, 2026, IETH paid 16.9% of its starting price in cash distributions, while the price fell 63.9%."
  },
  {
   "q": "Did IETH finish ahead of Ether?",
   "a": "Over the period from its first trade on Oct 2, 2025 to Jul 31, 2026, with every distribution reinvested, IETH returned \u221251.6% against \u221258.5% for Ether (ETH-USD), so a holder was ahead of it by 6.9 points."
  },
  {
   "q": "How often did IETH pay, and how much?",
   "a": "IETH paid monthly. Its last distribution annualized to 6.3% at its last price, on Jul 31, 2026."
  },
  {
   "q": "What did IETH cost?",
   "a": "The prospectus expense ratio is 0.96% a year."
  }
 ],
 "generated": "2026-10-10",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, IETH, income ETFs, data as of Jul 31, 2026. https://etfiq.com/funds/ieth"
}