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XBTY

GradeDNASDAQ Global Market

GraniteShares YieldBOOST Bitcoin ETF

Crypto derivatives · Option Income · GraniteShares · Inception 2025-05-13 · SEC filings

This fund gets its cryptocurrency exposure through futures contracts rather than holding coins directly. Futures-based returns can differ from the spot price of the coin.

$5.62−0.01 (−0.20%)

As of Sep 23, 2026, 2:08 PM EDT

History starts May 13, 2025.
Intraday session: down, 32 prints from 5.63 to 5.62. Range 5.60 to 5.63. Use the arrow keys to read each point.$5.60$5.61$5.6310 AM12 PM2 PM4 PM
Expense ratio
11.40%
Fund size
$10M
1Y return
−40.3%
Yield · Last 12 months
138.43%
Volume · 30D
0M sh
NAV per share
$5.62
52W range
low $5.43high $20.89

The ETF.net XBTY Grade

D

29/ 100

Rank 20 of 22 in Crypto Option Income

Confidence Medium

Six-pillar profile for XBTY. Scores out of 100: Cost 0, Risk 50, Mission not scored, Tradability 67, Holdings not scored, Durability 37. Strongest: Tradability (67). Weakest: Cost (0). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 29 of 100 sits in the D 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.
    FScore 0
    Category rank22/22 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 50
    Category rank12/22 · mid-pack
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 67
    Category rank6/22 · top 27%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 37
    Category rank16/22 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on XBTY

ETF.net Research

DMost crypto income funds write options on bitcoin. XBTY sells puts on a 2x bitcoin ETF instead, deliberately harvesting roughly double the implied volatility. Income engine first, capped upside second.

Stated mandate

The Fund seeks income primarily by selling put options on leveraged ETFs tracking a 2x Long Bitcoin Daily ETF. It also seeks capped exposure to that leveraged ETF's performance.

Why people hold it

  1. 01The design is volatility harvesting in plain sight: puts sold on a 2x bitcoin ETF, whose implied volatility is expected to run about twice bitcoin's own.graniteshares.com
  2. 02Distributions come on a weekly schedule, and GraniteShares publishes the per-share amounts across its YieldBOOST lineup ahead of each payment.graniteshares.comgraniteshares.substack.com
  3. 03The payoff shape is spelled out up front: option premium plus capped participation in the leveraged ETF. No bitcoin is held directly, no wallet involved.graniteshares.com

Worth knowing

  1. 01Cost is the hurdle: all-in expenses run into double digits as a share of assets, against roughly 1% for the typical crypto options-income fund.
  2. 02Asymmetric by construction: upside is capped, while declines in the 2x bitcoin ETF flow through and may not be offset by premium collected.graniteshares.com
  3. 03Small and thinly traded since its 2025 launch, so spreads and limit orders matter more here than in the group's larger names.

XBTY Holdings

As of Sep 21, 2026, 4:09 AM
Asset class
Other
Holdings
Top-10 weight
102%
Largest holding
US TBill 10/22/202657.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001US TBill 10/22/202657.18%5,900,000$6M31
002US Dollars35.29%3,628,931$4M85
003US TBill 02/04/20278.62%900,000$886K26
0042BITX 09/21/2026 P16.010.30%1,620$31K1
0052BITX 09/23/2026 P14.770.24%4,390$25K1
0062BITX 09/18/2026 P15.33<0.01%490$7411

Showing 1–6 of 6 holdings

XBTY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XBTY$5,973
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. XBTY $5,973. SPY $11,723. Use the arrow keys to read each point.$4,913$8,591$12,269Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for XBTY. Periods over one year show the average yearly return.
PeriodXBTY
Year to date−17.1%
1 month+3.6%
3 months+4.5%
1 year−40.3%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XBTY
YearReturn barXBTY
2026 YTD−17.1%
2025−21.0%

Since listing, May 13, 2025

XBTY in the news

ETF.net Research hasn’t filed on XBTY yet — coverage lands here as it’s written.

XBTY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
138.43%Last 12 months
Payout per share
$7.79Last 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution history

2026

One bar per payment. 38 payments in 2026 YTD. Jan 2, 2026 $0.21; Jan 9, 2026 $0.21; Jan 16, 2026 $0.21; Jan 23, 2026 $0.19; Jan 30, 2026 $0.19; Feb 6, 2026 $0.18; Feb 13, 2026 $0.16; Feb 20, 2026 $0.16; Feb 27, 2026 $0.15; Mar 6, 2026 $0.15; Mar 13, 2026 $0.15; Mar 20, 2026 $0.15; Mar 27, 2026 $0.14; Apr 2, 2026 $0.13; Apr 10, 2026 $0.13; Apr 17, 2026 $0.14; Apr 24, 2026 $0.14; May 1, 2026 $0.13; May 8, 2026 $0.13; May 15, 2026 $0.07; May 22, 2026 $0.05; May 29, 2026 $0.05; Jun 5, 2026 $0.05; Jun 12, 2026 $0.05; Jun 18, 2026 $0.05; Jun 26, 2026 $0.04; Jul 2, 2026 $0.04; Jul 10, 2026 $0.04; Jul 17, 2026 $0.04; Jul 24, 2026 $0.04; Jul 31, 2026 $0.04; Aug 7, 2026 $0.03; Aug 14, 2026 $0.03; Aug 21, 2026 $0.03; Aug 28, 2026 $0.03; Sep 4, 2026 $0.03; Sep 11, 2026 $0.03; Sep 18, 2026 $0.03. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.03
Sep 11, 2026Sep 15, 2026$0.03
Sep 4, 2026Sep 9, 2026$0.03
Aug 28, 2026Sep 1, 2026$0.03
Aug 21, 2026Aug 25, 2026$0.03
Aug 14, 2026Aug 18, 2026$0.03
Aug 7, 2026Aug 11, 2026$0.03
Jul 31, 2026Aug 4, 2026$0.04
Jul 24, 2026Jul 28, 2026$0.04
Jul 17, 2026Jul 21, 2026$0.04
Jul 10, 2026Jul 14, 2026$0.04
Jul 2, 2026Jul 7, 2026$0.04

XBTY Risk

How much the fund’s monthly returns vary, scaled to a year.
26.0%
Annualised · 15 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−1.35
vs 3-month T-bills · 15 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−48.9%
16 months · trough Jun 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.77
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

XBTY Cost

Expense ratio11.40%
  • The middle half of Crypto Option Income funds
  • Median 0.85%

Every other Crypto Option Income fund charges less.

XBTY costs $1140.00 a year on $10,000. The median Crypto Option Income fund costs $85.00.