Grayscale, the world’s largest digital asset investment manager, has launched a new exchange-traded fund that ties into ether's (ETH) recent market momentum.

The Grayscale Ethereum Covered Call ETF (ETCO) began trading Thursday, offering exposure to ether with an options-writing strategy designed to generate steady income.

The launch comes as ether, the native token of the Ethereum blockchain, has outperformed bitcoin (BTC) in 2025, rising 34% year-to-date versus BTC's 20%

Behind the gains is renewed retail and institutional interest, evidenced in August by surging inflows into the spot ETH ETFs that dwarfed those which headed into the BTC funds.

Wall Street firms have increasingly adopted the blockchain to streamline processes in their trading and settlement systems, creating a flow o

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