Investors Tap the Brakes on Ether Options Play as Outflows Hit Roundhill’s YETH ETF
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The Roundhill Ether Covered Call Strategy ETF, YETH, saw investors pull $1,412,304 on January 02, 2026, a meaningful outflow for a niche strategy fund. With assets under management now at $108,747,408, the latest redemption wave represents roughly 1.30% of the ETF’s asset base, signaling a cautious shift among holders of this income-focused Ether product.
The withdrawal comes against a challenging backdrop for its underlying asset. The related cryptocurrency, ETH-USD, is trading around $3,222.36 after a bruising three months in which it has dropped about 32.09%. Despite that drawdown, the short-term picture is more muted, with a 1-day technical stance currently flashing a cautious Hold.
Covered-call strategies like YETH are designed to harvest option premiums and dampen volatility, typically appealing to investors seeking yield in choppy markets rather than pure upside. The fresh outflows suggest some shareholders may be questioning whether the trade-off—capping upside in exchange for income—still makes sense if Ether’s weakness persists or if a rebound rally gathers steam and investors prefer unhedged exposure.
Still, with only a small fraction of total AUM redeemed, YETH’s asset base remains largely intact. Flows over the coming weeks will indicate whether this is an isolated bout of repositioning or the start of a broader rotation out of option-overlay crypto strategies as the Ether market searches for direction.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

