Bitwise Ethereum ETF Declares $0.09702 Monthly Distribution With 7.44% Yield
IETH•Bitwise Ethereum Option Income Strategy ETF declared a $0.09702 monthly distribution on June 26, payable June 30, carrying a 7.44% distribution rate entirely as return of capital. The fund posted a -23.75% one-month return and a -58.34% cumulative loss since its inception.
1. Distribution Details
On June 25, Bitwise set a $0.09702 per share distribution for the Ethereum Option Income Strategy ETF, representing a 7.44% annualized distribution rate. The distribution is 100% return of capital, with an ex-date and record date of June 26 and a payment date of June 30.
2. Performance Trends
The ETF’s one-month total return was -23.75%, reflecting recent market volatility in Ether option premiums, and the fund has lost 58.34% since inception. Short-term performance may not indicate future results, especially given the full return of capital distribution.
3. Expense Ratio and Risk Implications
IETH carries a net expense ratio of 0.97%. Investors should note that funding distributions entirely from return of capital can erode NAV over time, and the covered-call strategy limits upside in exchange for premium income.
