NEOS submitted a filing to launch the Ethereum ETF “High Income”, leveraging indirect exposure through ETP to generate higher yields but with greater risks. The product will operate through a strategy of buying/selling ( puts and calls ) on spot ETF funds, aiming to maximize profits for investors.
This move comes at a time when Ethereum is performing exceptionally well, even leading trading volume compared to Bitcoin ETFs two weeks ago, surprising the market. According to ETF analysts, strong institutional capital flows have opened up opportunities for large-scale risk strategies like those of NEOS.
NEOS previously launched a similar product for Bitcoin and is now expanding to Ethereum, calling it a “comprehensive covered call strategy” as it only has indirect exposure to ETH but can generate higher income compared to the direct correlation model. However, this proposal still requires SEC approval.
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