# IETH (Bitwise Ethereum Option Income Strategy ETF)

Bitwise · Income ETFs · data as of Jul 31, 2026

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’s rankings, scores or comparisons.

Since it first traded on Oct 2, 2025, IETH paid 16.9% in cash and finished 6.9 points ahead of Ether.

## Key facts

- IETH, cash paid, since launch, on its starting price: 16.9%, as of Jul 31, 2026.
- IETH, total return, since launch: −51.6%, as of Jul 31, 2026.
- IETH, against Ether: +6.9 pts, as of Jul 31, 2026.
- IETH, last payout, annualized: 6.3%, as of Jul 31, 2026.
- IETH, expense ratio: 0.96% (485BPOS XBRL, Apr 30, 2026).
- IETH, benchmark: Ether (ETH-USD), as of Jul 31, 2026.

## IETH over each window to Jul 31, 2026

| Window | Cash paid | Price | Total return | Ether | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 1.3% | −17.0% | −15.7% | −19.0% | +3.3 pts |
| 6 months | 4.8% | −30.5% | −25.8% | −30.3% | +4.5 pts |
| Since launch | 16.9% | −63.9% | −51.6% | −58.5% | +6.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | synthetic covered call | ETFIQ |
| Benchmark | Ether (ETH-USD) | ETFIQ |
| How the benchmark is set | Its prospectus says it is built on Ether (prospectus, Form 485BPOS, accession 0001213900-26-049948, filed 2026-04-30). | ETFIQ |
| Paid | monthly | ETFIQ |
| Last payout, annualized | 6.3% | ETFIQ |
| Expense ratio | 0.96% | 485BPOS XBRL, Apr 30, 2026 |
| Cash paid, its last 12 months, over its last price | 46.8% | ETFIQ |
| First traded | Oct 2, 2025 | ETFIQ |

## Questions

### How much did IETH pay over its life?

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%.

### Did IETH finish ahead of Ether?

Over the period from its first trade on Oct 2, 2025 to Jul 31, 2026, with every distribution reinvested, IETH returned −51.6% against −58.5% for Ether (ETH-USD), so a holder was ahead of it by 6.9 points.

### How often did IETH pay, and how much?

IETH paid monthly. Its last distribution annualized to 6.3% at its last price, on Jul 31, 2026.

### What did IETH cost?

The prospectus expense ratio is 0.96% a year.


## Cite this page

ETFIQ, IETH, income ETFs, data as of Jul 31, 2026. https://etfiq.com/funds/ieth
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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