Grayscale Funds Trust
This fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$13.78+0.05 (+0.34%)
History starts Apr 2, 2025.
- Expense ratio
- 0.66%
- Fund size
- $17M
- 1Y return
- −28.3%
- Yield · Last 12 months
- 69.61%
- Holdings
- 8
- Volume · 30D
- 0M sh
- NAV per share
- $13.77
- 52W range
The ETF.net BTCC Grade
Score 68 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 90Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 51Category rank
Our read on BTCC
BGrayscale's income angle on bitcoin: rather than just holding the asset, BTCC sells calls against bitcoin ETPs to convert crypto volatility into cash. Income first, bitcoin participation second, at a fee that undercuts most of its covered-call peers.
The Fund seeks current income and, secondarily, participation in Bitcoin returns through options on Bitcoin exchange-traded products designed to track Bitcoin's price.
Why people hold it
- Runs at 0.66% a year, below the typical fee in its crypto options-income group and cheaper than peers like CEPI and DFII at 0.85%.
- The mandate is blunt: current income first, bitcoin participation second, using options on bitcoin exchange-traded products. No mystery about the job.
- Top quartile of its crypto options-income peer group, one of the stronger implementations on that shelf.
- Exposure runs through options on listed bitcoin ETPs, so no wallets, keys or crypto exchange accounts. It sits in an ordinary brokerage account.
Worth knowing
- Covered calls swap upside for income. When bitcoin rips, the sold calls hand back part of the move, while the drawdowns still come through.
- A small fund that trades lightly, so spreads can widen. Limit orders and patience do real work here.
- Launched in 2025, so the track record is short and covers only a slice of a crypto cycle.
BTCC Holdings
- Other
- 8
- 105%
- United States Treasury Bill 10/08/2026
BTCC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BTCC$7,167
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BTCC |
|---|---|
| Year to date | −10.6% |
| 1 month | +5.7% |
| 3 months | +12.3% |
| 1 year | −28.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BTCC |
|---|---|---|
| 2026 YTD | −10.6% | |
| 2025 | −6.3% |
BTCC in the news
BTCC Dividends
- 69.61%
- $9.62
- $0.23 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 14, 2026 | Sep 15, 2026 | $0.23 |
| Aug 28, 2026 | Aug 31, 2026 | $0.22 |
| Aug 13, 2026 | Aug 14, 2026 | $0.23 |
| Jul 30, 2026 | Jul 31, 2026 | $0.26 |
| Jul 14, 2026 | Jul 15, 2026 | $0.19 |
| Jun 29, 2026 | Jun 30, 2026 | $0.26 |
| Jun 12, 2026 | Jun 16, 2026 | $0.28 |
| May 28, 2026 | May 29, 2026 | $0.28 |
| May 14, 2026 | May 15, 2026 | $0.35 |
| Apr 29, 2026 | Apr 30, 2026 | $0.38 |
| Apr 14, 2026 | Apr 15, 2026 | $0.22 |
| Mar 30, 2026 | Mar 31, 2026 | $0.37 |
BTCC Risk
- 30.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.63
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −44.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BTCC Cost
0.66%
BTCC0.66%
- The middle half of Crypto Option Income funds
- Median 0.85%
2 of the 21 Crypto Option Income funds charge less.