BTCC
Grayscale Bitcoin Covered Call ETF·NYSE
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Key Stats
Assets Under Management
16.91MUSD
Fund Flows (1Y)
33.67MUSD
Dividend Yield
89.68%
Discount/Premium to NAV
-1.38%
Shares Outstanding
1.05M
Expense Ratio
0.66%
About Grayscale Bitcoin Covered Call ETF
Issuer
Grayscale Advisors, LLC
Brand
Grayscale
Home Page
Inception Date
Apr 2, 2025
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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.
Classification
Asset Class
Currency
Category
Pair
Focus
Long BTC, Short USD
Niche
Derivative
Strategy
Buy-write
Geography
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Weighting Scheme
Single Asset
Selection Criteria
Single asset
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -26.87% | -40.42% | -25.61% | -54.03% | -54.03% | -54.03% |
NAV Total Return | -28.27% | -33.00% | -27.46% | +0.12% | +0.12% | +0.12% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
United States Treasury Bill 03/03/2026
114.41%
Cash & Other
3.42%
United States Treasury Bill 02/26/2026
2.30%
First American Government Obligations Fund 12/01/2031
2.18%
GBTC 02/20/2026 59.46 C
1.54%
GBTC 02/13/2026 51.65 C
-3.61%
GBTC 02/20/2026 59.46 P
-20.34%
Top 10 Weight 99.9%
7 Total Holdings
Is SPY better than BTCC?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-01-29 | 2026-01-29 | 2026-01-30 | 0.371 |
| 2026-01-14 | 2026-01-14 | 2026-01-15 | 0.409 |
| 2025-12-29 | 2025-12-29 | 2025-12-30 | 0.534 |
| 2025-12-12 | 2025-12-12 | 2025-12-15 | 0.551 |
| 2025-11-26 | 2025-11-26 | 2025-11-28 | 0.565 |
| 2025-11-13 | 2025-11-13 | 2025-11-14 | 0.603 |
| 2025-10-29 | 2025-10-29 | 2025-10-30 | 0.615 |
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How Much Does BTCC Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy BTCC?
Fund Flows
