Global X Launches Ethereum Covered Call ETF Targeting Weekly Distributions

New fund marks firm's expansion into bitcoin alternative

NEW YORK, April 2, 2026 /PRNewswire/ -- Global X Management Company LLC ("Global X"), the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Ethereum Covered Call ETF (EHCC), which uses options strategies to provide exposure to ether-related investments and seeks to generate income without directly holding the digital assets.

The launch marks Global X's first time creating a fund related to a cryptocurrency other than bitcoin. Ether is the native digital currency that powers the Ethereum blockchain platform.

With the addition of EHCC, Global X offers a total of four ETFs related to digital assets. The other three are as follows:

• Bitcoin Covered Call ETF (BCCC),
• Bitcoin Trend Strategy ETF (BTRN), and
• Blockchain & Bitcoin Strategy ETF (BITS).

"Investors seeking income from their digital asset exposure have had limited options until recently," said Pedro Palandrani, Head of Product Research & Development at Global X. "Although we believe ether has significant growth potential, it's also a highly volatile asset, which we believe makes it well suited for a covered call strategy that aims to generate weekly income while maintaining exposure to potential price appreciation."

EHCC seeks to generate income by writing call options on the underlying ether-related exchange-traded products (ETPs), giving up part of the exposure's potential upside in exchange for option premiums. A portion of this premium is distributed to investors on a weekly basis.

EHCC has an expense ratio of 0.75% and is actively managed.

"The crypto market has expanded materially over the last decade, and ether has established itself as one of its most actively traded digital assets. For many investors, ether's price volatility has been a barrier to entry but EHCC is designed to reframe that volatility as an investor opportunity by using option premiums in an effort to generate weekly distributions while retaining exposure to ether's price movements," Palandrani added.

About Global X

Global X was founded in 2008. For more than fifteen years, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features a wide range of ETF strategies and $78.1 billion in assets under management.^[i] While we are distinguished for our thematic, income, and international ETFs, we also offer core and other funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.

Global X is a member of Mirae Asset Financial Group ("Mirae Asset"), a global leader in financial services, with $803 billion in assets under management worldwide.^[ii] Mirae Asset has an extensive global ETF platform ranging across the U.S., Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam.

Important Information

Ether and Ether futures are a relatively new asset class. They are subject to unique and substantial risks, and historically, have been subject to significant price volatility. The value of an investment in the Global X Ethereum Covered Call ETF (the "Fund") could decline significantly and without warning, including to zero. You should be prepared to lose your entire investment.

Investing involves risk, including the possible loss of principal. EHCC is subject to certain principal risks, including Active Management Risk; Derivatives Risk; ETF Investment Risk; Ether ETP Risk; Ether Futures ETF Risk; U.S. Treasury Obligations Risk; Cash Transaction Risk; Covered Call Option Writing Risk; Cybersecurity Risk; Ether Investing Risk, including Custody Risk, Digital Asset Regulatory Risk, Ether Risk, Ether Derivatives Counterparty Risk, Ether Derivatives Liquidity Risk, Ether Futures Capacity Risk, Fork and Air Drop Risk and Irrevocability of Transactions Risk; FLEX Options Risk; Focus Risk; Risk of Investing in the United States; Income Risk; Interest Rate Risk; Investable Universe of Companies Risk; Market Risk; New Fund Risk; Non-Diversification Risk; Operational Risk; Options Premium Tax Risk; Qualifying Income Risk; Risks Associated with Exchange-Traded Funds, including Authorized Participants Concentration Risk, Large Shareholder Risk, Listing Standards Risk and Market Trading Risks and Premium/Discount Risks; Subsidiary Investment Risk; Tax Risk; Trading Halt Risk; Turnover Risk; and Valuation Risk. 

EHCC is actively managed and invests in options contracts on one or more Ether exchange-traded products (ETP) that invests principally in Ether futures contracts or invests directly in Ether. EHCC does not invest directly in or hold Ether. The price and performance of Ether futures should be expected to differ from the current "spot" price of Ether. These differences could be significant. Ether futures are subject to margin requirements, collateral requirements and other limits that may prevent the Fund from achieving its objective. Margin requirements for futures and costs associated with rolling (buying and selling) futures may have a negative impact on the Fund's performance and its ability to achieve its investment objective.

Ether is largely unregulated and Ether investments may be more susceptible to fraud and manipulation than more regulated investments. Ether and Ether futures are subject to rapid price swings, including as a result of actions and statements by influencers and the media, changes in the supply of and demand for Ether and Ether futures contracts and other factors.

EHCC's concentration will subject it to loss due to adverse occurrences that may affect that sector. Investors in EHCC should be willing to accept a high degree of volatility in the price of the Fund's shares and the possibility of significant losses. EHCC engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset and writing a call option on that same asset with the goal of realizing additional income from the option premium. EHCC establishes its "long" position through the combination of purchasing call options and selling put options on the ether ETPs. As a buyer of call options, the Fund pays a premium to the seller of the options. The Fund then also sells call options to establish the "covered call". By selling covered call options, the Fund limits its opportunity to profit from an increase in the price of the underlying asset above the exercise price, but continues to bear the risk of a decline in the asset . A liquid market may not exist for options held by the Fund. While the Fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the asset's current market price. EHCC is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns

Carefully consider the Fund's investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund's summary or full prospectuses, which may be obtained at globalxetfs.com. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments.

Media Contact:
Ariel Kouvaras, Sloane PR
+1 212-446-1884
[email protected]

^[i] Source: Global X ETFs, as of December 31, 2025.
^[ii] Source: Mirae Asset, as of December 31, 2025.

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SOURCE Global X Management Company LLC