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BTCC vs YBIT

Grayscale Funds Trust

BTCCBNYSE Arca

YieldMax Bitcoin Option Income Strategy ETF

YBITDNYSE Arca

Overlap

1.0%by weight

Expense ratio

BTCC −0.36pt a year

BTCC0.66%YBIT1.02%

Avg volume · 30D

YBIT 1.3×the volume

BTCC23.9KYBIT31.6K

BTCC vs YBIT Performance

Oct 31, 2025 – Oct 30, 2026

−27.4%BTCC−28.1%YBIT

Oct 31, 2025 to Oct 30, 2026. BTCC −27.4%. YBIT −28.1%. Use the arrow keys to read each point.−40%−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BTCC 0.66%, better
YBIT 1.02%
Fund size
BTCC $15M
YBIT $59M
1Y total return
BTCC −27.4%, better
YBIT −28.1%
Yield (12M)
BTCC 65.93%
YBIT 68.65%, better
Holdings
BTCC 4
YBIT 10
Avg volume (30D)
BTCC 23.9K sh
YBIT 31.6K sh, better
NAV per share
BTCC $12.40
YBIT $18.88
52W range

ETF.net Grade

BTCC: Cost 90, Risk 65, Mission not scored, Tradability 44, Holdings not scored, Durability 51. YBIT: Cost 17, Risk 49, Mission 70, Tradability 52, Holdings not scored, Durability 69.
Pillar letters and Scores for BTCC, YBIT, with each pillar’s weight
PillarBTCCYBIT
Cost30% weightA90HigherF17
Mission25% weightNot scoredA70
Risk15% weightB65HigherC49
Tradability15% weightC44C52Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51B69Higher

Rank among Crypto Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BTCC and YBIT are both graded against the same 21 Crypto Option Income funds, so their Grades compare head to head.

Crypto Option Income⁠

Category · 21 funds
See all 21 ›

BTCC ranks 2nd and YBIT 18th of 21 funds in the Crypto Option Income Category.

  1. Rank 1ABITAThe iShares Bitcoin Premium Income ETFScore 88
  2. Rank 2BBTCCGrayscale Funds TrustScore 70
  3. Rank 3BBAGYAmplify Bitcoin Max Income Covered Call ETFScore 64
  4. Rank 12CSOLMAmplify Solana 3% Monthly Option Income ETFScore 40
  5. Rank 18DYBITYieldMax Bitcoin Option Income Strategy ETFScore 36
  6. Rank 19DXBTYGraniteShares YieldBOOST Bitcoin ETFScore 33

Our read on each fund

ETF.net Research

BTCCBGrayscale Funds Trust

YBITDYieldMax Bitcoin Option Income Strategy ETF

In short

BTCC Grayscale'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.

YBIT Bitcoin income without the coins. It sells call spreads on a spot bitcoin ETF, aiming to turn crypto's volatility into weekly income. The spread, not a plain covered call, is the signature move: the ceiling is a band, not a lid.

Stated mandate

BTCC The Fund seeks current income and, secondarily, participation in Bitcoin returns through options on Bitcoin exchange-traded products designed to track Bitcoin's price.

YBIT The fund seeks weekly current income by selling call spreads on the iShares Bitcoin Trust ETF (IBIT), while retaining exposure to that underlying's price movements.

Why people hold it

  • BTCC 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.
  • YBIT Sells call spreads rather than plain covered calls, so upside is given away inside a band and participation picks back up above the upper strike.yieldmaxetfs.com
  • Bitcoin-linked exposure through options on the iShares Bitcoin Trust ETF inside a 1940 Act fund. No wallet, no keys, no crypto exchange account.yieldmaxetfs.com
  • Income is premium-driven and paid on a weekly cadence, with no fixed payout rate declared. The premium harvested rises and falls with bitcoin's volatility.yieldmaxetfs.com
  • Launched in 2024, one of the earlier options-income funds written directly on a spot bitcoin ETF rather than on futures.

Worth knowing

  • BTCC 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.
  • YBIT The 1.02% expense ratio sits above several crypto-income peers, including BAGY at 0.65% and CEPI at 0.85%.
  • One reference, one risk: the entire strategy rides on a single bitcoin ETP, with no diversification to cushion it.
  • A small fund that trades lightly, so bid-ask spreads can be wider than in the big option-income names. Limit orders matter here.

Full BTCC profile⁠

Full YBIT profile⁠

BTCC vs YBIT Holdings

How BTCC and YBIT differ

Overlap by weight

1.0%

Shared holdings make up 24.2% of YBIT and 1.0% of BTCC.

Level by level

  • Holdings0 in both1.0%
  • Asset classAlternatives100%
  • Countryby domicile100%

Sector

No Sector split for BTCC and YBIT.

Country, concentration and asset class

Country by domicile

Country weights in BTCC and YBIT, widest gap first
CountryMore in BTCCMore in YBIT
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • BTCC108.4%
  • YBIT107.8%

Securities held

  • BTCC3
  • YBIT9

Asset class

BTCC
Alternatives
YBIT
Alternatives

Holdings

  • Only in BTCC3
  • In both0
  • Only in YBIT9

Only in BTCC

3 securities, 100% of BTCC by weight

  • United States Treasury Bill 12/24/202693.90%
  • Gbtc 03/19/2027 56.54 C13.41%
  • First American Government Obligations Fund 12/01/20310.09%

Only in YBIT

9 securities, 83.6% of YBIT by weight

  • United States Treasury Note/Bond 2.375% 05/15/202721.34%
  • United States Treasury Note/Bond 3.375% 09/15/202719.47%
  • United States Treasury Bill 02/18/202714.08%

Weight gaps

BTCC and YBIT share no securities.

All 6 BTCC holdings⁠All 11 YBIT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BTCC vs YBIT Cost

Overpaying YBIT vs BTCC

$6,116

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BTCC 0.66%

    $12,896

  • YBIT 1.02%

    $19,012

$10,000
30 years

Cost over time

  • BTCC 0.66%
  • YBIT 1.02%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530YBIT $19,012BTCC $12,896

Year by year

YearBTCCYBITOverpaying
10$1,180$1,797$617
20$4,504$6,746$2,242
30$12,896$19,012$6,116

Expense ratio

  • 0.66%BTCC, cheaper
  • 1.02%YBIT
  • Middle half of Crypto Option Income funds
  • Median 0.85%

BTCC 5th cheapest of 21 funds

YBIT 17th cheapest of 21 funds

BTCC vs YBIT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BTCC 65.93%
YBIT 68.65%, better
Payout (12M)
BTCC $8.16
YBIT $13.01
Last payment
BTCC $0.22
YBIT $0.16
Ex-dividend
BTCC Oct 29, 2026
YBIT Oct 29, 2026
Paid on
BTCC Oct 30, 2026
YBIT Oct 30, 2026
Frequency
BTCC Irregular
YBIT Weekly

Distribution history

Per share, 2026, same scale for both

BTCCIrregular · 20 paymentsAll BTCC payments⁠
One bar per payment. 20 payments in 2026 YTD. Jan 14, 2026 $0.41; Jan 29, 2026 $0.37; Feb 12, 2026 $0.37; Feb 26, 2026 $0.37; Mar 12, 2026 $0.36; Mar 30, 2026 $0.37; Apr 14, 2026 $0.22; Apr 29, 2026 $0.38; May 14, 2026 $0.35; May 28, 2026 $0.28; Jun 12, 2026 $0.28; Jun 29, 2026 $0.26; Jul 14, 2026 $0.19; Jul 30, 2026 $0.26; Aug 13, 2026 $0.23; Aug 28, 2026 $0.22; Sep 14, 2026 $0.23; Sep 29, 2026 $0.26; Oct 14, 2026 $0.26; Oct 29, 2026 $0.22. Use the arrow keys to read each point.$0$0.252026YTD
YBITWeekly · 44 paymentsAll YBIT payments⁠
One bar per payment. 44 payments in 2026 YTD. Jan 2, 2026 $0.28; Jan 8, 2026 $0.31; Jan 15, 2026 $0.24; Jan 22, 2026 $0.34; Jan 29, 2026 $0.25; Feb 5, 2026 $0.24; Feb 12, 2026 $0.22; Feb 19, 2026 $0.24; Feb 26, 2026 $0.25; Mar 5, 2026 $0.30; Mar 12, 2026 $0.32; Mar 19, 2026 $0.38; Mar 26, 2026 $0.27; Apr 2, 2026 $0.26; Apr 9, 2026 $0.27; Apr 16, 2026 $0.28; Apr 23, 2026 $0.27; Apr 30, 2026 $0.33; May 7, 2026 $0.32; May 14, 2026 $0.24; May 21, 2026 $0.18; May 28, 2026 $0.19; Jun 4, 2026 $0.16; Jun 11, 2026 $0.15; Jun 18, 2026 $0.15; Jun 25, 2026 $0.14; Jul 2, 2026 $0.15; Jul 9, 2026 $0.17; Jul 16, 2026 $0.18; Jul 23, 2026 $0.19; Jul 30, 2026 $0.19; Aug 6, 2026 $0.17; Aug 13, 2026 $0.14; Aug 20, 2026 $0.12; Aug 27, 2026 $0.27; Sep 3, 2026 $0.26; Sep 10, 2026 $0.31; Sep 17, 2026 $0.27; Sep 24, 2026 $0.19; Oct 1, 2026 $0.16; Oct 8, 2026 $0.17; Oct 15, 2026 $0.16; Oct 22, 2026 $0.16; Oct 29, 2026 $0.16. Use the arrow keys to read each point.$0$0.252026YTD

BTCC vs YBIT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCC 29.0%since May 2025YBIT 35.9%since May 2024
Return per unit of riskSharpe ratio, 3 years
BTCC −0.65since May 2025YBIT −0.01since May 2024
Worst fallMax drawdown, 5 years
BTCC −44.3%since Apr 2025YBIT −47.2%since Apr 2024
Market sensitivityBeta, 5 years
BTCC 1.01YBIT 1.02

BTCC and YBIT in the news

All news⁠

Popular comparisons

  • BTCCBvsBITAA

    Grayscale Funds Trust · The iShares Bitcoin Premium Income ETF

    Expense ratio
    0.66% · 0.65%
    Category
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  • YBITDvsBITAA

    YieldMax Bitcoin Option Income Strategy ETF · The iShares Bitcoin Premium Income ETF

    Expense ratio
    1.02% · 0.65%
    Category
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  • BTCCBvsBAGYB

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  • YBITDvsBAGYB

    YieldMax Bitcoin Option Income Strategy ETF · Amplify Bitcoin Max Income Covered Call ETF

    Expense ratio
    1.02% · 0.65%
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  • BTCCBvsCEPIB

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  • YBITDvsCEPIB

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