Grayscale Funds Trust
BThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$13.52+0.05 (+0.37%)
- 0.66%
- $17M
- −27.6%
- 66.75%
- 0M sh
- $13.41
- low $12.31high $30.39
The ETF.net BTCC Grade
B
Score 69 out of 100
- 2 of 22
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A90 out of 100Rank 1 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 7 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 14 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C51 out of 100Rank 13 of 22
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
- 4
- 111%
- United States Treasury Bill 12/24/2026
BTCC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
BTCC$7,240
Returns run to the Oct 12, 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 | −11.2% |
| 1 month | +3.8% |
| 3 months | +14.0% |
| 1 year | −27.6% |
| 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 | −11.2% | |
| 2025 | −6.3% |
BTCC in the news
BTCC Dividends
- 66.75%
- $8.99
- $0.26 per share
- Irregular
Distribution history
BTCC Risk
- 29.8%
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.
- −0.56
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.
- 1.01
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.
Other funds in Crypto Option Income
- ABITAThe iShares Bitcoin Premium Income ETFExpense ratio 0.65%1 year return —
- BBAGYAmplify Bitcoin Max Income Covered Call ETFExpense ratio 0.65%1 year return −37.4%
- BCEPIREX Crypto Equity Premium Income ETFExpense ratio 0.85%1 year return +10.3%
- BYBTCRoundhill Investments - Bitcoin Covered Call Strategy ETFExpense ratio 0.95%1 year return −31.0%
- CXBCINEOS Boosted Bitcoin High Income ETFExpense ratio 0.98%1 year return —