NEOS Ethereum High Income ETF

The NEOS Ethereum High Income ETF is an exchange-traded fund designed to generate high monthly income alongside the potential for capital appreciation by investing in exchange-traded products (ETPs) that provide direct exposure to Ethereum. Rather than investing directly in Ether, the fund gains exposure through Ethereum ETPs combined with a data-driven call option overlay strategy aimed at capitalizing on Ethereum's price volatility to produce consistent monthly income. This options-based approach primarily involves selling call options (covered calls) on Ethereum-related investments to generate income premiums. The fund targets investors seeking income with lower correlation to traditional market risks such as credit or inflation. It employs advanced quantitative methods and risk management techniques to optimize outcomes and offers potential tax efficiencies from return of capital distributions and tax loss harvesting strategies. Launched in December 2025, the fund charges a gross expense ratio of 0.98% and makes monthly distributions. Its underlying holdings include Ethereum spot ETPs and option contracts, aiming to blend the growth potential of Ethereum with an income-focused investment profile.