Grayscale Launches Ethereum Covered Call ETF to Generate Income from Volatility

Grayscale has launched its new Ethereum Covered Call ETF (ETCO), allowing investors to generate income by writing call options on Ethereum trusts. The fund utilizes the inherent volatility of the Ethereum market to capitalize on price fluctuations and time decay, offering biweekly payouts to shareholders. With an initial AUM of $1.4 million, ETCO aims to attract investors seeking returns from crypto volatility.