Global X Ethereum Covered Call ETF (Cboe BZX: EHCC) is an actively managed exchange-traded fund offered by Global X Funds and advised by Global X Management Company LLC that seeks to provide current income and exposure to the price return of one or more U.S.-listed exchange-traded products providing exposure to ether. Launched on April 1, 2026, the Fund does not invest directly in ether; instead, it employs a synthetic covered-call, or buy-write, strategy involving ether-related ETPs and related listed options contracts. Its principal investment activities include obtaining long exposure to ether ETP price movements through combinations of at-the-money call and put options; writing at- or near-the-money call options, including FLEX options, on ether ETPs; collecting option premiums; and making targeted weekly distributions to shareholders. The strategy seeks to retain a portion of ether’s potential appreciation while exchanging some upside participation for option income and potential volatility mitigation; gains are therefore subject to limitations created by the call-writing overlay. EHCC is listed on Cboe BZX, carries a 0.75% expense ratio, and targets investors seeking an exchange-traded vehicle combining cryptocurrency-related exposure with an income-oriented options strategy. Global X Management Company LLC, the New York-based ETF provider and investment adviser to the Fund, introduced EHCC in April 2026 as its first crypto-related covered-call ETF focused on ether and as an expansion of its covered-call ETF lineup beyond its Bitcoin-oriented offering. The Fund’s recent operating development includes the implementation of a partial weekly call-writing program designed to support a consistent weekly distribution schedule, with distributions derived in part from option premiums and not guaranteed.