Grayscale’s ETCO Hauls In Fresh Capital as Ethereum Slump Tempts Covered-Call Hunters
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The Grayscale Ethereum Covered Call ETF, ETCO, recorded a substantial inflow of $1,763,595 on January 06, 2026, a notable move for a young fund with total assets under management of $8,390,008. The single-day haul represents roughly 21.0% of ETCO’s AUM, signaling that investors are leaning into options-based income strategies even as underlying crypto prices remain under pressure.
Such a large flow relative to fund size suggests a mix of new entrants and possibly tactical reallocations from investors looking to monetize Ethereum’s volatility via covered calls rather than making a straightforward directional bet. With more than a fifth of the fund’s capital effectively added in one session, ETCO is emerging as a niche vehicle for investors who want exposure to Ethereum with a built-in yield component and some downside cushioning from option premiums.
The related asset, ETH-USD, is currently trading around $3,111.12. Over the past three months, Ethereum has fallen roughly 25.5%, underscoring the risk backdrop that is driving some investors toward structured strategies. Despite that drawdown, the short-term picture appears more constructive: the 1-day technical signal on ETH screens as Buy, hinting at near-term stabilization or a potential bounce that covered-call holders could capitalize on via both price recovery and premium income.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.