Key stats
About Grayscale Funds Trust Grayscale Bitcoin Covered Call ETF
Home page
Inception date
Apr 2, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Grayscale Advisors LLC
Distributor
Foreside Fund Services LLC
BTCC seeks to provide current income by employing a synthetic covered call strategy linked to Bitcoin exchange-traded products. The fund focuses on generating income through a combination of call and put options that replicate the price movements of these ETPs. It actively writes out-of-the-money call options with short expirations to generate monthly income, which may limit potential gains if the price of the ETPs rises significantly. BTCC does not invest directly in Bitcoin, avoiding exposure to its spot price, and operates through a wholly owned subsidiary in the Cayman Islands to enhance tax efficiencies. The fund also invests in short-term US Treasury securities as collateral for options contracts and may utilize reverse repurchase agreements to manage exposure levels. Monthly distributions are planned, aiming for a structured approach to income generation while maintaining a focus on the performance of Bitcoin-linked investments.
Related funds
Classification
Symbol
Geography
Global
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund82.21%
Cash17.79%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BTCC trades at 36.06 USD today, its price has risen 0.17% in the past 24 hours. Track more dynamics on BTCC price chart.
BTCC net asset value is 35.90 today — it's risen 4.72% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BTCC assets under management is 9.05 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BTCC invests in funds. See more details in our Analysis section.
BTCC expense ratio is 0.66%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BTCC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, BTCC pays dividends to its holders with the dividend yield of 54.64%.
BTCC trades at a premium (0.42%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BTCC shares are issued by Digital Currency Group, Inc.
BTCC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 2, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.