Symbols

HBTC

·CBOE

--(--)

Key Stats

Assets Under Management

911.02KUSD

Fund Flows (1Y)

274.70KUSD

Dividend Yield

10.99%

Discount/Premium to NAV

0.03%

Shares Outstanding

40.00K

Expense Ratio

1.75%

About Fortuna Hedged Bitcoin Fund

Issuer

Fortuna Funds, LLC

Brand

Fortuna

Home Page

https://fortunafunds.com/hbtc-fund/

Inception Date

Mar 18, 2025

Structure

Open-Ended Fund

Index Tracked

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

Fortuna Funds LLC

Distributor

Foreside Fund Services LLC

HBTC invests in Bitcoin-related securities with an options overlay to reduce downside risk. The fund does not directly invest in Bitcoin but invests in standardized, cash-settled BTC futures traded on the CME. The actively managed fund invests in options to create synthetic long exposure, allowing it to participate in price changes of the underlying securities. This involves purchasing a put below the current BTC price and selling a call spread above market price, offsetting costs without capping the upside potential. This limits participation in potential gains when the price of BTC goes up. The fund writes call options with 1- to 6-month terms and strike prices equal to the price at the time of purchase. HBTC typically invests in front-month contracts, rolling to the next closest expiration date. The fund invests in futures through a wholly owned Cayman Islands subsidiary. HBTC may also pursue covered calls on BTC futures contracts and similar ETFs.

Classification

Asset Class

Currency

	1-Month	3-Month	YTD	1-Year	3-Year	5-Year
Price Performance	-12.08%	-25.29%	-8.98%	-8.98%	-8.98%	-8.98%
NAV Total Return	-4.79%	-10.00%	+0.15%	+0.15%	+0.15%	+0.15%

No data is currently available

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