Grayscale has launched the Grayscale Ethereum Covered Call ETF (ETCO), aiming to capitalize on Ethereum's strong performance in 2025. The ETF employs an options-writing strategy to generate income, systematically selling call options on Ethereum-linked products and distributing premiums to shareholders bi-weekly. This move comes as Ethereum has risen 34% year-to-date, outpacing Bitcoin's 20% increase. Krista Lynch, Grayscale's senior vice president of ETF capital markets, highlighted that the ETF complements existing Ethereum exposure by adding an income component, appealing to investors seeking cash flow and reduced downside risk.